LendingTree (NASDAQ:TREE) Price Target Lowered to $65.00 at Needham & Company LLC

LendingTree (NASDAQ:TREE) had its price target trimmed by Needham & Company LLC from $78.00 to $65.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other research firms have also commented on TREE. 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 report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, LendingTree presently has a consensus rating of “Buy” and an average target price of $65.75.

LendingTree Trading Up 22.5 %

Shares of NASDAQ:TREE opened at $49.34 on Thursday. The company has a market capitalization of $659.28 million, a PE ratio of -18.27 and a beta of 2.07. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a 12-month low of $33.58 and a 12-month high of $62.49. The business’s fifty day simple moving average is $42.20 and its 200-day simple moving average is $47.79.

Institutional Investors Weigh In On LendingTree

A number of large investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new stake in LendingTree during the 3rd quarter worth about $32,000. New Age Alpha Advisors LLC purchased a new stake in LendingTree in the fourth quarter valued at approximately $36,000. Tower Research Capital LLC TRC increased its holdings in LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after buying an additional 848 shares during the period. Wealthfront Advisers LLC purchased a new position in LendingTree during the 4th quarter worth approximately $54,000. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in LendingTree during the 4th quarter valued at approximately $56,000. 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.