Stephens Reiterates “Overweight” Rating for LendingTree (NASDAQ:TREE)

LendingTree (NASDAQ:TREE)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $69.00 target price on the financial services provider’s stock. Stephens’ price target indicates a potential upside of 41.92% from the stock’s current price.

TREE has been the subject of several other reports. Needham & Company LLC cut their price objective on LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods cut their price target on LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday. Northland Capmk upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Tuesday, January 21st. Finally, StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $65.75.

LendingTree Trading Down 1.5 %

Shares of LendingTree stock opened at $48.62 on Thursday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. LendingTree has a 1 year low of $33.58 and a 1 year high of $62.49. The company has a market capitalization of $649.66 million, a P/E ratio of -18.01 and a beta of 2.07. The business has a 50 day moving average price of $42.38 and a 200 day moving average price of $47.74.

Institutional Trading of LendingTree

A number of institutional investors have recently added to or reduced their stakes in TREE. Creative Planning purchased a new stake in LendingTree during the 3rd quarter worth $356,000. Wealth Enhancement Advisory Services LLC purchased a new stake in LendingTree during the 3rd quarter worth $203,000. Lisanti Capital Growth LLC purchased a new stake in LendingTree during the 3rd quarter worth $3,651,000. GSA Capital Partners LLP purchased a new stake in LendingTree during the 3rd quarter worth $1,612,000. Finally, Intellectus Partners LLC boosted its position in LendingTree by 58.2% during the 3rd quarter. Intellectus Partners LLC now owns 19,375 shares of the financial services provider’s stock worth $1,124,000 after purchasing an additional 7,125 shares during the period. 68.26% of the stock is owned by hedge funds and other institutional investors.

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.