LendingTree (NASDAQ:TREE) Price Target Raised to $58.00

LendingTree (NASDAQ:TREE) had its target price lifted by Susquehanna from $50.00 to $58.00 in a research report sent to investors on Friday morning, Benzinga reports. Susquehanna currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Stephens raised their price target on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Northland Securities raised their price target on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Oppenheimer boosted their target price on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Truist Financial raised their price objective on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Trading Down 20.8 %

Shares of TREE stock opened at $45.15 on Friday. LendingTree has a 1 year low of $13.87 and a 1 year high of $62.49. The stock has a market capitalization of $602.30 million, a price-to-earnings ratio of -16.72 and a beta of 2.11. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. The company’s fifty day simple moving average is $56.42 and its two-hundred day simple moving average is $49.29.

Hedge Funds Weigh In On LendingTree

Large investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. lifted its position in LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after buying an additional 22,581 shares during the last quarter. Emerald Advisers LLC lifted its holdings in shares of LendingTree by 3.0% in the 3rd quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock worth $20,681,000 after acquiring an additional 10,497 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LendingTree by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after acquiring an additional 58,500 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in shares of LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after purchasing an additional 23,995 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in LendingTree by 53.9% during the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after purchasing an additional 89,900 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

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.