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

LendingTree (NASDAQ:TREE) had its price target lifted by Susquehanna from $50.00 to $58.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. Oppenheimer upped their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday. Needham & Company LLC upped their price target on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday. Northland Securities upped their price target on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Stephens upped their price target on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Stock Up 1.8 %

Shares of NASDAQ TREE opened at $45.99 on Friday. The firm has a 50 day moving average of $56.15 and a 200 day moving average of $49.38. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.82 and a current ratio of 0.92. LendingTree has a 12-month low of $13.87 and a 12-month high of $62.49.

Institutional Investors Weigh In On LendingTree

A number of hedge funds have recently bought and sold shares of the business. Lisanti Capital Growth LLC purchased a new stake in shares of LendingTree in the third quarter valued at $3,651,000. Emerald Advisers LLC raised its stake in shares of LendingTree by 3.0% in the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock valued at $20,681,000 after acquiring an additional 10,497 shares during the period. Congress Asset Management Co. raised its stake in shares of LendingTree by 15.8% in the third quarter. Congress Asset Management Co. now owns 21,885 shares of the financial services provider’s stock valued at $1,270,000 after acquiring an additional 2,990 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of LendingTree in the third quarter valued at $203,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of LendingTree in the third quarter valued at $244,000. 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.