LendingTree, Inc. (NASDAQ:TREE – Get Free Report) shares saw strong trading volume on Friday after Keefe, Bruyette & Woods raised their price target on the stock from $71.00 to $73.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. 156,992 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 224,203 shares.The stock last traded at $48.75 and had previously closed at $57.03.
Other analysts have also recently issued reports about the stock. Northland Securities raised their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Truist Financial increased their target price on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. Susquehanna lifted their price target on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Stephens boosted their target price on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, LendingTree presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.
Read Our Latest Research Report on LendingTree
Institutional Inflows and Outflows
LendingTree Price Performance
The company’s 50-day moving average price is $56.66 and its 200-day moving average price is $49.02. The company has a market cap of $602.39 million, a P/E ratio of -4.84 and a beta of 2.12. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82.
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.
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