Truist Financial Raises LendingTree (NASDAQ:TREE) Price Target to $70.00

LendingTree (NASDAQ:TREE) had its price target lifted by Truist Financial from $60.00 to $70.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective suggests a potential upside of 45.83% from the company’s current price.

TREE has been the subject of several other reports. Oppenheimer boosted their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday. Stephens boosted their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Northland Securities increased their target price on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Susquehanna lifted their price objective on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Needham & Company LLC upped their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.38.

LendingTree Stock Down 15.8 %

LendingTree stock traded down $9.03 during mid-day trading on Friday, hitting $48.00. 686,329 shares of the company’s stock were exchanged, compared to its average volume of 226,467. LendingTree has a 1-year low of $13.87 and a 1-year high of $62.49. The stock has a 50 day moving average of $56.66 and a two-hundred day moving average of $49.02. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The stock has a market cap of $640.42 million, a P/E ratio of -4.97 and a beta of 2.12.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC lifted its holdings in LendingTree by 185.2% in the first quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock valued at $840,000 after buying an additional 12,889 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in LendingTree by 697.5% during the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock worth $535,000 after buying an additional 11,049 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in shares of LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 23,995 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of LendingTree by 6.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after acquiring an additional 22,581 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of LendingTree by 53.9% in the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after acquiring an additional 89,900 shares during the period. 68.26% of the stock is owned by institutional investors.

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.