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

LendingTree (NASDAQ:TREE) had its price target hoisted by equities research analysts at Needham & Company LLC from $67.00 to $78.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Needham & Company LLC’s price target suggests a potential upside of 36.77% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Susquehanna raised their price objective on shares of LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Oppenheimer lifted their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Northland Securities increased their price objective on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, Stephens increased their price target on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.50.

LendingTree Stock Down 1.7 %

Shares of LendingTree stock opened at $57.03 on Friday. The firm has a market cap of $760.89 million, a price-to-earnings ratio of -5.83 and a beta of 2.12. The stock’s 50-day moving average is $56.66 and its 200 day moving average is $49.02. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. LendingTree has a one year low of $10.50 and a one year high of $62.49.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Headlands Technologies LLC raised its position in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after buying an additional 270 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of LendingTree by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 295 shares in the last quarter. CWM LLC boosted its holdings in 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 during the last quarter. nVerses Capital LLC grew its position in LendingTree by 200.0% in the 3rd 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. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in 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 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.