LendingTree (NASDAQ:TREE) Upgraded at StockNews.com

LendingTree (NASDAQ:TREE) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other research firms have also weighed in on TREE. Oppenheimer lifted their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lifted their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC raised their target price on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stephens lifted their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Northland Securities raised their price objective on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Up 10.2 %

TREE stock opened at $52.24 on Friday. The firm has a market cap of $697.93 million, a PE ratio of -19.23 and a beta of 2.11. LendingTree has a 12 month low of $13.87 and a 12 month 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 1.82. The firm has a 50 day simple moving average of $55.33 and a 200 day simple moving average of $49.71.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC grew its holdings in shares of LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in LendingTree by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 295 shares during the last quarter. CWM LLC raised its stake in shares of LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after buying an additional 800 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of LendingTree by 5.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock valued at $1,435,000 after buying an additional 1,605 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

About LendingTree

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.