LendingTree (NASDAQ:TREE) Given New $73.00 Price Target at Keefe, Bruyette & Woods

LendingTree (NASDAQ:TREE) had its price objective upped by investment analysts at Keefe, Bruyette & Woods from $71.00 to $73.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 53.94% from the stock’s current price.

TREE has been the topic of a number of other research reports. Truist Financial lifted their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday. Northland Securities boosted 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. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Stephens boosted their price target on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, Susquehanna increased their price objective on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Price Performance

TREE stock traded down $9.61 during midday trading on Friday, reaching $47.42. The stock had a trading volume of 796,438 shares, compared to its average volume of 227,035. The company’s fifty day simple moving average is $56.66 and its 200 day simple moving average is $49.02. The company has a market cap of $632.68 million, a price-to-earnings ratio of -4.84 and a beta of 2.12. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. LendingTree has a 52-week low of $13.87 and a 52-week high of $62.49.

Institutional Investors Weigh In On LendingTree

Several institutional investors have recently made changes to their positions in TREE. CWM LLC increased its holdings in LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 420 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of 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 acquiring an additional 800 shares during the period. Headlands Technologies LLC increased its stake 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 purchasing an additional 270 shares in the last quarter. Quest Partners LLC acquired a new position in LendingTree during the second quarter worth $132,000. Finally, Meeder Asset Management Inc. acquired a new stake in LendingTree in the second quarter valued at $139,000. 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.