Zacks Investment Research downgraded Lendingtree Inc (NASDAQ:TREE) to Hold in a report released today.
- Updated: October 2, 2016
Zacks Investment Research has downgraded Lendingtree Inc (NASDAQ:TREE) to Hold in a report released on 09/28/2016.
Previously on Friday September 16, 2016, Mizuho Securities reported on Lendingtree Inc (NASDAQ:TREE) lowered the target price from $122.00 to $116.00. At the time, this indicated a possible upside of 0.20%.
Yesterday Lendingtree Inc (NASDAQ:TREE) traded 0.82% higher at $94.64. Lendingtree Inc’s 50-day moving average is $98.83 and its 200-day moving average is $92.25. The last stock close price is up 5.05% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 383,386 shares of the stock were exchanged, down from an average trading volume of 448,183
See Chart Below
Lendingtree Inc has a 52 week low of $52.11 and a 52 week high of $131.83 with a P/E ratio of 24.07 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $123.50 with 3 firms rating the stock a strong buy, 7 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Lendingtree Inc (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, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.