Needham & Company LLC Boosts LendingTree (NASDAQ:TREE) Price Target to $78.00

LendingTree (NASDAQ:TREE) had its price target raised by Needham & Company LLC from $67.00 to $78.00 in a research report report published on Friday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also commented on the stock. Susquehanna lifted their price target on shares of LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Oppenheimer boosted their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Truist Financial boosted their target price on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stephens boosted their target price on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, LendingTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Stock Performance

TREE stock opened at $45.99 on Friday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $613.44 million, a P/E ratio of -17.03 and a beta of 2.11. The firm has a 50 day simple moving average of $56.15 and a 200 day simple moving average of $49.38. LendingTree has a 52 week low of $13.87 and a 52 week high of $62.49.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Lisanti Capital Growth LLC bought a new stake in LendingTree in the third quarter valued at approximately $3,651,000. Emerald Advisers LLC raised its position in shares of LendingTree by 3.0% during the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock worth $20,681,000 after purchasing an additional 10,497 shares during the period. Congress Asset Management Co. raised its position in LendingTree by 15.8% in the 3rd quarter. Congress Asset Management Co. now owns 21,885 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 2,990 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in LendingTree in the 3rd quarter valued at $203,000. Finally, Harbour Capital Advisors LLC purchased a new stake in LendingTree in the 3rd quarter valued at $244,000. Institutional investors and hedge funds 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.