LendingTree (NASDAQ:TREE) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

LendingTree (NASDAQ:TREE) had its target price upped by Keefe, Bruyette & Woods from $71.00 to $73.00 in a research note published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on the company. Susquehanna boosted their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday. Oppenheimer boosted their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Northland Securities upped their price target on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Needham & Company LLC upped their price target on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Stock Up 1.8 %

TREE opened at $45.99 on Friday. The business has a 50 day moving average price of $56.15 and a two-hundred day moving average price of $49.38. The company has a quick ratio of 1.82, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a 52 week low of $13.87 and a 52 week high of $62.49.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of LendingTree by 230.8% during the second 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 stake in shares of LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 800 shares in the last quarter. Headlands Technologies LLC lifted its stake in shares of LendingTree by 16.8% during the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 270 shares in the last quarter. Quest Partners LLC acquired a new position in shares of LendingTree during the second quarter worth about $132,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of LendingTree during the second quarter worth about $139,000. 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.