Analysts Set LendingTree, Inc. (NASDAQ:TREE) Price Target at $61.33

LendingTree, Inc. (NASDAQ:TREE) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $61.3333.

Several research analysts have commented on TREE shares. Wall Street Zen downgraded shares of LendingTree from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods decreased their price target on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. JPMorgan Chase & Co. assumed coverage on LendingTree in a research report on Tuesday, April 14th. They issued an “overweight” rating and a $50.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of LendingTree in a research note on Wednesday, June 24th. Finally, Truist Financial reduced their target price on LendingTree from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, July 30th.

LendingTree Price Performance

TREE stock opened at $31.93 on Friday. The firm has a 50 day moving average of $40.02 and a 200-day moving average of $43.19. The firm has a market capitalization of $445.42 million, a P/E ratio of 2.48 and a beta of 2.04. LendingTree has a 12 month low of $29.77 and a 12 month high of $77.35. The company has a current ratio of 1.85, a quick ratio of 1.89 and a debt-to-equity ratio of 1.20.

Institutional Trading of LendingTree

A number of large investors have recently modified their holdings of TREE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of LendingTree by 1.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,899 shares of the financial services provider’s stock worth $886,000 after acquiring an additional 301 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of LendingTree in the 4th quarter valued at $25,000. Swiss National Bank boosted its stake in shares of LendingTree by 2.2% in the 4th quarter. Swiss National Bank now owns 22,800 shares of the financial services provider’s stock valued at $1,210,000 after purchasing an additional 500 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of LendingTree during the 4th quarter valued at $32,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of LendingTree by 5.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,398 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 612 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.