Needham & Company LLC Issues Pessimistic Forecast for LendingTree (NASDAQ:TREE) Stock Price

LendingTree (NASDAQ:TREE - Get Free Report) had its target price dropped by investment analysts at Needham & Company LLC from $78.00 to $65.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Needham & Company LLC's target price indicates a potential upside of 33.69% from the company's previous close.

TREE has been the subject of a number of other research reports. StockNews.com raised LendingTree from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Northland Capmk raised LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $65.75.

LendingTree Stock Down 1.5 %

NASDAQ TREE traded down $0.72 during trading hours on Thursday, reaching $48.62. 604,508 shares of the company's stock traded hands, compared to its average volume of 230,253. The firm has a market cap of $649.66 million, a PE ratio of -18.01 and a beta of 2.14. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. LendingTree has a 52-week low of $33.58 and a 52-week high of $62.49. The firm has a 50-day simple moving average of $42.38 and a 200 day simple moving average of $47.72.

Remove Ads

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd grew its stake in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock worth $67,000 after purchasing an additional 499 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of LendingTree during the third quarter worth $32,000. Nuveen Asset Management LLC boosted its position in shares of LendingTree by 0.9% in the 4th quarter. Nuveen Asset Management LLC now owns 75,564 shares of the financial services provider's stock worth $2,928,000 after purchasing an additional 689 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of LendingTree by 248.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 848 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in LendingTree in the 4th quarter worth approximately $36,000. 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.