LendingTree (NASDAQ:TREE) Given New $73.00 Price Target at Keefe, Bruyette & Woods

LendingTree (NASDAQ:TREE - Get Free Report) had its target price hoisted by stock analysts at Keefe, Bruyette & Woods from $71.00 to $73.00 in a report released on Friday, Benzinga reports. The firm currently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 61.68% from the company's current price.

Other equities analysts have also issued research reports about the stock. Susquehanna increased their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a report on Friday. StockNews.com raised shares of LendingTree from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Northland Securities lifted their price target on LendingTree from $50.00 to $60.00 and gave the company a "market perform" rating in a research report on Friday, July 26th. Oppenheimer raised their price objective on LendingTree from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Stephens boosted their target price on shares of LendingTree from $55.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.

LendingTree Price Performance

LendingTree stock traded down $11.88 during midday trading on Friday, reaching $45.15. 1,609,529 shares of the stock were exchanged, compared to its average volume of 231,051. The company's fifty day moving average is $56.66 and its 200-day moving average is $49.02. The firm has a market cap of $602.39 million, a PE ratio of -4.84 and a beta of 2.12. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. LendingTree has a 52 week low of $13.87 and a 52 week high of $62.49.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. CWM LLC raised its position in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider's stock worth $25,000 after buying an additional 420 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 800 shares during the last quarter. Headlands Technologies LLC boosted its holdings in LendingTree by 16.8% in the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider's stock worth $80,000 after purchasing an additional 270 shares during the last quarter. Quest Partners LLC purchased a new stake in LendingTree during the 2nd quarter valued at $132,000. Finally, Meeder Asset Management Inc. bought a new position in shares of LendingTree during the 2nd quarter valued at $139,000. 68.26% of the stock is owned by institutional investors.

LendingTree Company Profile

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.