Analysts Set LendingTree, Inc. (NASDAQ:TREE) Target Price at $65.75

LendingTree, Inc. (NASDAQ:TREE) has earned a consensus recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $65.75.

Several analysts have issued reports on TREE shares. Stephens reaffirmed an “overweight” rating and issued a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. Keefe, Bruyette & Woods lowered their target price on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th.

Insider Buying and Selling at LendingTree

In other news, COO Scott Peyree bought 21,045 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $41.69 per share, with a total value of $877,366.05. Following the transaction, the chief operating officer now owns 76,760 shares of the company’s stock, valued at $3,200,124.40. This represents a 37.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On LendingTree

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in LendingTree during the 3rd quarter worth approximately $32,000. New Age Alpha Advisors LLC purchased a new stake in LendingTree during the fourth quarter worth approximately $36,000. Tower Research Capital LLC TRC increased its position in shares of LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 848 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of LendingTree in the 4th quarter valued at $54,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in shares of LendingTree during the 4th quarter valued at $56,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Price Performance

LendingTree stock opened at $44.88 on Friday. The firm has a market capitalization of $601.12 million, a PE ratio of -16.62 and a beta of 1.90. LendingTree has a 52 week low of $34.08 and a 52 week high of $62.49. The firm’s 50-day simple moving average is $45.90 and its 200 day simple moving average is $45.80. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

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.