JPMorgan Chase & Co. Forecasts Strong Price Appreciation for LendingTree (NASDAQ:TREE) Stock

LendingTree (NASDAQ:TREE) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $65.00 to $68.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 39.86% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods cut their target price on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a research note on Thursday. Stephens reaffirmed an “overweight” rating and set a $69.00 price target on shares of LendingTree in a research report on Thursday. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, LendingTree currently has a consensus rating of “Buy” and an average target price of $65.75.

LendingTree Stock Performance

NASDAQ TREE opened at $48.62 on Thursday. The firm has a 50-day moving average of $42.38 and a 200-day moving average of $47.74. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $649.66 million, a PE ratio of -18.01 and a beta of 2.07. LendingTree has a 52-week low of $33.58 and a 52-week high of $62.49.

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in LendingTree by 63.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,490 shares of the financial services provider’s stock valued at $561,000 after buying an additional 5,603 shares during the period. Squarepoint Ops LLC grew its holdings in shares of LendingTree by 2,074.7% during the 4th quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider’s stock valued at $4,185,000 after purchasing an additional 103,032 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of LendingTree during the 4th quarter valued at approximately $409,000. Point72 Asset Management L.P. acquired a new position in LendingTree during the 4th quarter worth approximately $326,000. Finally, Man Group plc acquired a new position in LendingTree during the 4th quarter worth approximately $324,000. 68.26% of the stock is owned by 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.