Needham & Company LLC Boosts LendingTree (NASDAQ:TREE) Price Target to $78.00

LendingTree (NASDAQ:TREE) had its price objective hoisted by Needham & Company LLC from $67.00 to $78.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research analysts have also recently weighed in on TREE. Oppenheimer lifted their price objective on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Truist Financial lifted their price objective on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Susquehanna lifted their price objective on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Northland Securities boosted their price target on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $45.99 on Friday. LendingTree has a 1-year low of $13.87 and a 1-year 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. The business has a fifty day moving average price of $56.15 and a 200-day moving average price of $49.38. The company has a market capitalization of $613.44 million, a PE ratio of -17.03 and a beta of 2.11.

Hedge Funds Weigh In On LendingTree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREE. CWM LLC increased its stake in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares during the period. nVerses Capital LLC increased its position in LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 800 shares during the last quarter. Headlands Technologies LLC increased its position in LendingTree by 16.8% during the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 270 shares during the last quarter. Quest Partners LLC acquired a new position in LendingTree during the second quarter worth approximately $132,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of LendingTree in the second quarter worth $139,000. 68.26% of the stock is owned by institutional investors and hedge funds.

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.