Keefe, Bruyette & Woods Cuts LendingTree (NASDAQ:TREE) Price Target to $66.00

LendingTree (NASDAQ:TREE) had its target price reduced by Keefe, Bruyette & Woods from $73.00 to $66.00 in a report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on TREE. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Needham & Company LLC dropped their price objective on LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. Finally, Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Tuesday, January 21st. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $65.75.

LendingTree Price Performance

Shares of NASDAQ TREE opened at $48.62 on Thursday. The stock has a market capitalization of $649.66 million, a PE ratio of -18.01 and a beta of 2.14. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average price of $42.38 and a two-hundred day moving average price of $47.72. LendingTree has a fifty-two week low of $33.58 and a fifty-two week high of $62.49.

Hedge Funds Weigh In On LendingTree

Hedge funds and other institutional investors have recently modified their holdings of the business. National Bank of Canada FI bought a new stake in LendingTree during the 3rd quarter worth $32,000. New Age Alpha Advisors LLC bought a new stake in LendingTree during the 4th quarter worth $36,000. Tower Research Capital LLC TRC grew its position in LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 848 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in LendingTree during the 4th quarter worth $54,000. Finally, CANADA LIFE ASSURANCE Co bought a new stake in LendingTree during the 4th quarter worth $56,000. Institutional investors own 68.26% of the company’s stock.

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.