LendingTree (NASDAQ:TREE) Given New $70.00 Price Target at Oppenheimer

LendingTree (NASDAQ:TREE) had its target price hoisted by stock analysts at Oppenheimer from $65.00 to $70.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price target points to a potential upside of 55.04% from the stock’s current price.

Several other research firms have also weighed in on TREE. Stephens increased their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Truist Financial upped their price objective on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC boosted their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday. Finally, Northland Securities upped their price target on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Stock Down 20.8 %

Shares of NASDAQ:TREE opened at $45.15 on Friday. LendingTree has a 1 year low of $13.87 and a 1 year high of $62.49. The company has a market capitalization of $602.30 million, a PE ratio of -16.72 and a beta of 2.11. The business has a fifty day moving average price of $56.42 and a two-hundred day moving average price of $49.19. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82.

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC grew its holdings in 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 buying an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 acquiring an additional 295 shares in the last quarter. CWM LLC increased its holdings in 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 acquiring an additional 420 shares during the period. nVerses Capital LLC lifted its stake 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. boosted its stake in LendingTree by 5.0% during the first 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 period. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

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.