LendingTree (NASDAQ:TREE) Given New $78.00 Price Target at Needham & Company LLC

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

Several other equities analysts have also recently weighed in on TREE. Susquehanna lifted their price objective on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, July 26th. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Truist Financial raised their target price on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stephens boosted their price target 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 LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LendingTree presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Trading Down 20.8 %

TREE traded down $11.88 during mid-day trading on Friday, hitting $45.15. The stock had a trading volume of 1,610,221 shares, compared to its average volume of 165,628. LendingTree has a 1-year low of $13.87 and a 1-year high of $62.49. The firm has a market capitalization of $602.30 million, a price-to-earnings ratio of -16.72 and a beta of 2.11. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. The stock’s fifty day simple moving average is $56.42 and its 200-day simple moving average is $49.09.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TREE. CWM LLC boosted its holdings in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares during the period. nVerses Capital LLC lifted its position in 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 during the period. Headlands Technologies LLC grew its stake in 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 buying an additional 270 shares in the last quarter. Quest Partners LLC bought a new position in LendingTree in the 2nd quarter valued at about $132,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of LendingTree during the 2nd quarter worth approximately $139,000. Institutional investors 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.