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

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

Other research analysts have also recently issued reports about the company. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Tuesday, January 21st. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Needham & Company LLC reduced their target price on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. Finally, StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $65.75.

LendingTree Price Performance

Shares of TREE opened at $49.34 on Thursday. The firm has a market cap of $659.28 million, a PE ratio of -18.27 and a beta of 2.07. LendingTree has a 1-year low of $33.58 and a 1-year high of $62.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a fifty day simple moving average of $42.20 and a two-hundred day simple moving average of $47.79.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. National Bank of Canada FI bought a new stake in LendingTree during the third quarter valued at about $32,000. New Age Alpha Advisors LLC purchased a new stake in shares of LendingTree during the fourth quarter worth about $36,000. Tower Research Capital LLC TRC raised its stake 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 valued at $46,000 after purchasing an additional 848 shares during the period. Wealthfront Advisers LLC purchased a new position in LendingTree in the 4th quarter worth approximately $54,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in LendingTree in the 4th quarter worth approximately $56,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.