LendingTree, Inc. (NASDAQ:TREE) Receives $64.00 Consensus PT from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have received a consensus recommendation of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.00.

Several research analysts have issued reports on TREE shares. Needham & Company LLC lifted their price target 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. Truist Financial lifted their price target on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

Insiders Place Their Bets

In related news, CEO Douglas R. Lebda purchased 13,000 shares of the stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the acquisition, the chief executive officer now directly owns 121,599 shares in the company, valued at approximately $4,829,912.28. The trade was a 11.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Scott V. Totman purchased 3,750 shares of the stock in a transaction dated Friday, December 6th. The shares were bought at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the acquisition, the chief technology officer now owns 18,192 shares in the company, valued at $702,029.28. This represents a 25.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC lifted its position in LendingTree by 262.1% during the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,578 shares during the last quarter. Creative Planning bought a new position in shares of LendingTree during the 3rd quarter worth about $356,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of LendingTree during the 3rd quarter worth about $203,000. Congress Asset Management Co. increased its holdings in shares of LendingTree by 15.8% during the 3rd quarter. Congress Asset Management Co. now owns 21,885 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 2,990 shares during the period. Finally, Emerald Advisers LLC increased its holdings 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 worth $20,681,000 after purchasing an additional 10,497 shares during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $39.89 on Friday. LendingTree has a 12 month low of $28.50 and a 12 month high of $62.49. The stock has a market cap of $533.01 million, a price-to-earnings ratio of -14.77 and a beta of 2.07. The stock’s 50 day moving average price is $41.92 and its 200 day moving average price is $48.11. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

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.