A statement released earlier today by Mizuho Securities about LendingTree (NASDAQ:TREE) lowers the target price to $116.00
- Updated: September 15, 2016
Only yesterday LendingTree (NASDAQ:TREE) traded 0.20% lower at $96.28. TREE’s 50-day average is $102.78 and its 200-day moving average is $91.79. The last stock price close is up 4.89% from the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same time period. Trade volume was was down over the average, with 452,005 shares of TREE changing hands under the typical 478,098 shares..
In a statement issued on 9/16/2016 Mizuho Securities bumped down the target price of LendingTree (NASDAQ:TREE) from $122 to $116 reporting a possible upsideof 0.20%.
On Tuesday August 23 2016, Vetr Inc. released a statement for LendingTree(NASDAQ:TREE) raised the target price from $0.00 to $118.86 that suggested an upside of 0.16%.
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In addition to Mizuho Securities reporting it’s target price, a total of 10 firms have issued a ratings update on LendingTree. The consensus target stock price is $123.50 with three firms rating the company a strong buy, seven analysts rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firms rating the company as sell.
LendingTree has a one-year low of $52.11 and a one-year high of $131.83 with a P/E ratio of 24 and has a market cap of $0.0.
Brief Synopsis On LendingTree (NASDAQ:TREE)
LendingTree, Inc. (LendingTree), formerly Tree.com, Inc., is engaged in operating an online loan marketplace for consumers. The Company offers a range of loan types and other credit-based offerings for its consumers. The Company operates through Lending activities segment. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings. It offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit-based offerings. It offers its products in categories, and including mortgage products and non-mortgage products. Its mortgage products category includes its purchase and refinance products. The Company’s non-mortgage products include lending products and other products.
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