Susquehanna Forecasts Strong Price Appreciation for LendingTree (NASDAQ:TREE) Stock

LendingTree (NASDAQ:TREE) had its target price lifted by equities researchers at Susquehanna from $50.00 to $58.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Susquehanna’s target price indicates a potential upside of 28.46% from the stock’s previous close.

A number of other equities research analysts have also weighed in on TREE. Stephens raised their price objective on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Needham & Company LLC raised their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday. Truist Financial raised their price objective on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer raised their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday. Three research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Price Performance

LendingTree stock opened at $45.15 on Friday. The firm has a market cap of $602.30 million, a PE ratio of -16.72 and a beta of 2.11. LendingTree has a 52-week low of $13.87 and a 52-week high of $62.49. 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’s 50 day moving average is $56.42 and its two-hundred day moving average is $49.19.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in shares of LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 420 shares during the last quarter. nVerses Capital LLC grew its position in shares of LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after buying an additional 800 shares during the last quarter. Headlands Technologies LLC grew its position in shares of LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after buying an additional 270 shares during the last quarter. Quest Partners LLC purchased a new position in shares of LendingTree in the 2nd quarter valued at $132,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of LendingTree in the 2nd quarter valued at $139,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

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.