Stephens reaffirmed their overweight rating on shares of LendingTree (NASDAQ:TREE - Free Report) in a research report released on Thursday,Benzinga reports. They currently have a $69.00 target price on the financial services provider's stock.
A number of other analysts have also recently commented on TREE. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. StockNews.com upgraded shares of LendingTree from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Northland Securities raised shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Tuesday, January 21st. Needham & Company LLC reduced their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, LendingTree currently has a consensus rating of "Buy" and a consensus price target of $65.75.
View Our Latest Report on TREE
LendingTree Trading Down 1.5 %
Shares of LendingTree stock traded down $0.72 on Thursday, hitting $48.62. 604,508 shares of the company's stock traded hands, compared to its average volume of 230,253. The firm's 50-day moving average price is $42.38 and its two-hundred day moving average price is $47.72. The stock has a market capitalization of $649.66 million, a PE ratio of -18.01 and a beta of 2.14. LendingTree has a one year low of $33.58 and a one year high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.
Institutional Investors Weigh In On LendingTree
Institutional investors and hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd raised its holdings in LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 499 shares during the period. National Bank of Canada FI bought a new position in LendingTree in the 3rd quarter valued at about $32,000. Nuveen Asset Management LLC raised its holdings in LendingTree by 0.9% in the 4th quarter. Nuveen Asset Management LLC now owns 75,564 shares of the financial services provider's stock valued at $2,928,000 after acquiring an additional 689 shares during the period. Tower Research Capital LLC TRC raised its holdings in LendingTree by 248.0% in the 4th 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 during the period. Finally, New Age Alpha Advisors LLC bought a new position in LendingTree in the 4th quarter valued at about $36,000. 68.26% of the stock is owned by institutional investors.
LendingTree Company Profile
(
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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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