Susquehanna Issues Positive Forecast for LendingTree (NASDAQ:TREE) Stock Price

LendingTree (NASDAQ:TREE) had its price objective upped by investment analysts at Susquehanna from $50.00 to $58.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Susquehanna’s price target suggests a potential upside of 20.83% from the company’s current price.

A number of other research analysts have also recently commented on TREE. Needham & Company LLC boosted their price target on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer boosted their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Truist Financial increased their price target on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stephens upped their price objective on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.38.

LendingTree Price Performance

LendingTree stock traded down $9.03 during mid-day trading on Friday, hitting $48.00. The stock had a trading volume of 686,329 shares, compared to its average volume of 226,467. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The firm’s 50 day moving average is $56.66 and its 200 day moving average is $49.02. The firm has a market capitalization of $640.42 million, a P/E ratio of -4.97 and a beta of 2.12. LendingTree has a one year low of $13.87 and a one year high of $62.49.

Institutional Investors Weigh In On LendingTree

Several large investors have recently added to or reduced their stakes in TREE. Susquehanna Fundamental Investments LLC grew its stake in LendingTree by 185.2% in the first quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 12,889 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of LendingTree by 697.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock worth $535,000 after buying an additional 11,049 shares during the period. Emerald Mutual Fund Advisers Trust grew its position in shares of LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 23,995 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after acquiring an additional 22,581 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in LendingTree by 53.9% in the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after acquiring an additional 89,900 shares during the period. 68.26% of the stock is 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.