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

LendingTree (NASDAQ:TREE) had its price objective lifted by 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.

Several other research analysts have also commented on TREE. Susquehanna upped their price objective on shares of LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Needham & Company LLC upped their price objective on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday. Stephens upped their price objective on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Northland Securities increased their price target 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Trading Down 20.8 %

TREE traded down $11.88 during trading on Friday, hitting $45.15. 1,610,221 shares of the stock traded hands, compared to its average volume of 165,628. 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 12-month low of $13.87 and a 12-month high of $62.49. The firm has a market capitalization of $602.30 million, a P/E ratio of -16.72 and a beta of 2.11. The firm has a 50-day moving average of $56.42 and a 200 day moving average of $49.09.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in LendingTree by 5.0% during 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 purchasing an additional 1,605 shares in the last quarter. Empowered Funds LLC increased its stake in LendingTree by 7.9% during the 1st quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider’s stock valued at $1,318,000 after purchasing an additional 2,275 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its stake in LendingTree by 185.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 12,889 shares in the last quarter. Headlands Technologies LLC increased its stake 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 purchasing an additional 270 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in LendingTree during the 1st quarter valued at about $339,000. 68.26% of the stock is currently owned by institutional investors.

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.