LendingTree (NASDAQ:TREE) Stock Price Expected to Rise, Truist Financial Analyst Says

LendingTree (NASDAQ:TREE) had its target price increased by Truist Financial from $60.00 to $70.00 in a report issued on Friday, Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on the company. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Oppenheimer increased their price target on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. Northland Securities increased their price objective on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Susquehanna increased their price objective on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Needham & Company LLC increased their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, LendingTree currently has an average rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Price Performance

NASDAQ TREE traded down $11.88 on Friday, reaching $45.15. 1,610,221 shares of the stock traded hands, compared to its average volume of 165,628. The firm’s fifty day simple moving average is $56.42 and its 200 day simple moving average is $49.09. 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 company has a market cap of $602.30 million, a price-to-earnings ratio of -16.72 and a beta of 2.11. LendingTree has a 12 month low of $13.87 and a 12 month high of $62.49.

Institutional Trading of LendingTree

Hedge funds have recently modified their holdings of the business. CWM LLC lifted its holdings in shares of 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 purchasing an additional 420 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 800 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of LendingTree by 16.8% in the first 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 purchased a new stake in shares of LendingTree in the second quarter valued at $132,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of LendingTree in the second quarter valued at $139,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.