Susquehanna Forecasts Strong Price Appreciation for LendingTree (NASDAQ:TREE) Stock

LendingTree (NASDAQ:TREE) had its price objective upped by Susquehanna from $50.00 to $58.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Susquehanna’s price objective indicates a potential upside of 20.83% from the stock’s previous close.

Several other equities research analysts also recently commented on TREE. Oppenheimer lifted their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. Needham & Company LLC increased their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday. Truist Financial lifted their target price on LendingTree from $55.00 to $60.00 and gave the stock a “buy” 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. Finally, Stephens lifted their price objective on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.38.

LendingTree Stock Down 15.8 %

Shares of TREE traded down $9.03 during mid-day trading on Friday, hitting $48.00. 686,329 shares of the company traded hands, compared to its average volume of 226,467. The company has a market capitalization of $640.42 million, a PE ratio of -4.97 and a beta of 2.12. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21. The business has a 50 day moving average of $56.66 and a 200 day moving average of $49.02. LendingTree has a 1-year low of $13.87 and a 1-year high of $62.49.

Hedge Funds Weigh In On LendingTree

Several institutional investors and hedge funds have recently modified their holdings of TREE. Headlands Technologies LLC boosted its position 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 purchasing an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in LendingTree by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 295 shares in the last quarter. CWM LLC increased its stake in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares in the last quarter. nVerses Capital LLC raised its position in shares of LendingTree by 200.0% during the 3rd 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 last quarter. Finally, 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 worth $1,435,000 after buying an additional 1,605 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.