LendingTree (NASDAQ:TREE) Given “Overweight” Rating at Stephens

Stephens reiterated their overweight rating on shares of LendingTree (NASDAQ:TREE) in a report published on Thursday,Benzinga reports. The brokerage currently has a $69.00 target price on the financial services provider’s stock.

Several other analysts have also recently issued reports on TREE. Keefe, Bruyette & Woods cut their price objective on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC decreased their price objective on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st. Finally, Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $65.75.

LendingTree Stock Performance

Shares of LendingTree stock opened at $49.34 on Thursday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree has a 1 year low of $33.58 and a 1 year high of $62.49. The firm’s 50-day simple moving average is $42.20 and its 200-day simple moving average is $47.79. The firm has a market cap of $659.28 million, a PE ratio of -18.27 and a beta of 2.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in shares of LendingTree in the third quarter valued at approximately $32,000. New Age Alpha Advisors LLC bought a new position in LendingTree in the 4th quarter worth approximately $36,000. Point72 DIFC Ltd increased its position in LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 499 shares during the period. Tower Research Capital LLC TRC raised its stake in LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 848 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in LendingTree during the 4th quarter valued at $54,000. 68.26% of the stock is owned by institutional investors and hedge funds.

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.