LendingTree (NASDAQ:TREE) Price Target Raised to $58.00 at Susquehanna

LendingTree (NASDAQ:TREE) had its target price increased by Susquehanna from $50.00 to $58.00 in a report published on Friday morning, Benzinga reports. Susquehanna currently has a neutral rating on the financial services provider’s stock.

TREE has been the subject of a number of other research reports. Oppenheimer lifted their target price on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. Needham & Company LLC lifted their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial lifted their target price on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stephens lifted their target price 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. Finally, Northland Securities lifted their target price on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Price Performance

Shares of NASDAQ:TREE traded down $11.88 during trading on Friday, reaching $45.15. The stock had a trading volume of 1,610,221 shares, compared to its average volume of 165,628. LendingTree has a 52 week low of $13.87 and a 52 week high of $62.49. The business’s 50-day moving average price is $56.42 and its 200 day moving average price is $49.09. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $602.30 million, a PE ratio of -16.72 and a beta of 2.11.

Institutional Trading of LendingTree

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. Jacobs Levy Equity Management Inc. grew its holdings in LendingTree by 6.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after acquiring an additional 22,581 shares during the period. Emerald Advisers LLC grew its holdings in LendingTree by 3.0% during the 3rd quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock worth $20,681,000 after acquiring an additional 10,497 shares during the period. Renaissance Technologies LLC grew its holdings in LendingTree by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after acquiring an additional 58,500 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in 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 acquiring an additional 23,995 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in LendingTree by 53.9% during the 1st 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. Institutional investors and hedge funds 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.