LendingTree (NASDAQ:TREE – Get Rating) had its price objective cut by Oppenheimer from $120.00 to $55.00 in a research note issued to investors on Friday morning, The Fly reports. They currently have a maintains rating on the financial services provider’s stock.
Several other research firms have also recently weighed in on TREE. StockNews.com assumed coverage on shares of LendingTree in a report on Thursday, March 31st. They issued a hold rating on the stock. Needham & Company LLC reduced their target price on LendingTree from $105.00 to $62.00 and set a buy rating on the stock in a research note on Friday, June 24th. Northland Securities cut LendingTree from an outperform rating to a market perform rating and set a $90.00 target price on the stock. in a research note on Friday, May 6th. William Blair reissued an outperform rating on shares of LendingTree in a research note on Friday, June 3rd. Finally, Susquehanna Bancshares reduced their target price on LendingTree from $180.00 to $160.00 in a research note on Friday, May 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $100.13.
LendingTree Trading Down 2.5 %
Shares of TREE stock opened at $45.58 on Friday. The stock has a market capitalization of $581.87 million, a price-to-earnings ratio of 16.11 and a beta of 1.72. LendingTree has a 1 year low of $40.82 and a 1 year high of $212.00. The company’s fifty day simple moving average is $51.82 and its two-hundred day simple moving average is $86.66. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.18 and a quick ratio of 1.18.
Insiders Place Their Bets
In other LendingTree news, Director Mark A. Ernst bought 10,000 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $65.67 per share, with a total value of $656,700.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $656,700. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 17.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On LendingTree
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of LendingTree by 2.2% during the first quarter. Vanguard Group Inc. now owns 1,260,887 shares of the financial services provider’s stock valued at $150,890,000 after purchasing an additional 26,934 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of LendingTree by 45.3% during the second quarter. Assenagon Asset Management S.A. now owns 228,675 shares of the financial services provider’s stock valued at $10,021,000 after purchasing an additional 71,250 shares in the last quarter. Bernzott Capital Advisors increased its stake in shares of LendingTree by 38.3% during the first quarter. Bernzott Capital Advisors now owns 217,358 shares of the financial services provider’s stock valued at $26,011,000 after purchasing an additional 60,154 shares in the last quarter. Invesco Ltd. increased its stake in shares of LendingTree by 1.8% during the fourth quarter. Invesco Ltd. now owns 187,258 shares of the financial services provider’s stock valued at $22,958,000 after purchasing an additional 3,303 shares in the last quarter. Finally, Rubric Capital Management LP bought a new position in shares of LendingTree during the fourth quarter valued at approximately $20,751,000. Institutional investors own 86.31% of the company’s stock.
LendingTree Company Profile
LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.
- Get a free copy of the StockNews.com research report on LendingTree (TREE)
- Use These To Find Your Stock’s Support and Resistance Levels
- Is Boeing Stock is Ready for Lift-Off ?
- Elon Musk is Out, But Should You Be In Twitter Stock?
- 3 Earnings Announcements That Could Surprise
- Twitter’s Up For Third Week In A Row: What’s Next For The Stock?
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for LendingTree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree and related companies with MarketBeat.com's FREE daily email newsletter.