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

LendingTree (NASDAQ:TREE) had its target price raised by Truist Financial from $60.00 to $70.00 in a report published on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC increased their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Northland Securities increased their price objective on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Stephens increased their price objective on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, Susquehanna increased their price objective on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $45.99 on Friday. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. LendingTree has a 1-year low of $13.87 and a 1-year high of $62.49. The company has a market capitalization of $613.44 million, a PE ratio of -17.03 and a beta of 2.11. The business has a fifty day moving average price of $56.15 and a 200-day moving average price of $49.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. boosted its position in LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after purchasing an additional 22,581 shares during the last quarter. Emerald Advisers LLC lifted its position in shares of LendingTree by 3.0% during the 3rd quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock valued at $20,681,000 after buying an additional 10,497 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of LendingTree by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after buying an additional 58,500 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted 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 valued at $11,676,000 after buying an additional 23,995 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of LendingTree by 53.9% during 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 buying an additional 89,900 shares in the last quarter. 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.