LendingTree, Inc. (NASDAQ:TREE) Receives Consensus Rating of “Moderate Buy” from Brokerages

LendingTree, Inc. (NASDAQ:TREE) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $64.00.

Several analysts recently issued reports on TREE shares. Oppenheimer increased their price target on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Susquehanna boosted their price target on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Truist Financial increased their price objective on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC boosted their target price on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Insider Activity at LendingTree

In related news, CTO Scott V. Totman purchased 3,750 shares of LendingTree stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $38.59 per share, with a total value of $144,712.50. Following the completion of the transaction, the chief technology officer now owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. This trade represents a 25.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LendingTree

Large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in LendingTree during the third quarter valued at $32,000. CWM LLC boosted its holdings in shares of LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 420 shares during the period. Point72 DIFC Ltd grew its position in shares of LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after buying an additional 499 shares during the last quarter. nVerses Capital LLC raised its stake in LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 800 shares during the period. Finally, Quest Partners LLC bought a new position in LendingTree in the second quarter worth about $132,000. 68.26% of the stock is currently owned by institutional investors.

LendingTree Price Performance

LendingTree stock opened at $39.80 on Monday. The firm has a fifty day moving average of $49.05 and a 200-day moving average of $49.37. LendingTree has a 52-week low of $24.55 and a 52-week high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $531.73 million, a P/E ratio of -14.74 and a beta of 2.03.

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.