LendingTree (NASDAQ:TREE) Given New $58.00 Price Target at Susquehanna

LendingTree (NASDAQ:TREE) had its price target lifted 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 topic of a number of other reports. Needham & Company LLC lifted 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 lifted 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. Oppenheimer boosted their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday. Stephens boosted their price objective on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, StockNews.com raised 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 issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Trading Down 20.8 %

Shares of NASDAQ TREE traded down $11.88 during midday trading on Friday, reaching $45.15. 1,610,221 shares of the stock were exchanged, compared to its average volume of 165,628. The business has a 50-day simple moving average of $56.42 and a two-hundred day simple moving average of $49.09. The company has a market capitalization 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. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82.

Hedge Funds Weigh In On LendingTree

A number of large investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. boosted its stake in shares of 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 buying an additional 22,581 shares during the last quarter. Emerald Advisers LLC boosted its stake in shares of 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 buying an additional 10,497 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 buying an additional 58,500 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in shares of 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 buying an additional 23,995 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of 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 buying an additional 89,900 shares during the last quarter. 68.26% of the stock is currently 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.