LendingTree, Inc. (NASDAQ:TREE - Get Free Report)'s stock price fell 5.6% on Friday after Keefe, Bruyette & Woods lowered their price target on the stock from $73.00 to $66.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. LendingTree traded as low as $46.61 and last traded at $46.56. 42,374 shares changed hands during trading, a decline of 81% from the average session volume of 228,521 shares. The stock had previously closed at $49.34.
TREE has been the topic of a number of other research reports. StockNews.com raised shares of LendingTree from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Needham & Company LLC lowered their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday. Northland Securities raised shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st. Finally, Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $65.75.
Get Our Latest Research Report on LendingTree
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new position in LendingTree in the third quarter worth $32,000. New Age Alpha Advisors LLC purchased a new position in LendingTree in the fourth quarter worth $36,000. Tower Research Capital LLC TRC grew its position in LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after acquiring an additional 848 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in LendingTree in the fourth quarter worth $54,000. Finally, CANADA LIFE ASSURANCE Co purchased a new position in LendingTree in the fourth quarter worth $56,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.
LendingTree Price Performance
The firm's 50-day moving average is $42.38 and its 200-day moving average is $47.72. The company has a market capitalization of $649.66 million, a PE ratio of -18.01 and a beta of 2.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.
About LendingTree
(
Get Free Report)
LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.
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