Brokerages Set LendingTree, Inc. (NASDAQ:TREE) PT at $65.75

Shares of LendingTree, Inc. (NASDAQ:TREE) have earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $65.75.

A number of research firms have recently issued reports on TREE. Keefe, Bruyette & Woods dropped their price objective on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. StockNews.com raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Tuesday, January 21st. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Stephens reaffirmed an “overweight” rating and set a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th.

Insider Activity at LendingTree

In related news, COO Scott Peyree bought 9,794 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $46.13 per share, with a total value of $451,797.22. Following the completion of the purchase, the chief operating officer now owns 97,566 shares of the company’s stock, valued at approximately $4,500,719.58. The trade was a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. grew its position in shares of LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,021 shares during the last quarter. Versor Investments LP acquired a new stake in LendingTree during the 4th quarter valued at approximately $298,000. Proficio Capital Partners LLC acquired a new stake in LendingTree during the 4th quarter valued at approximately $899,000. Polar Asset Management Partners Inc. acquired a new stake in LendingTree during the 3rd quarter valued at approximately $1,045,000. Finally, Barclays PLC lifted its stake in shares of LendingTree by 301.5% in the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 16,077 shares during the period. Institutional investors own 68.26% of the company’s stock.

LendingTree Stock Up 0.6 %

TREE opened at $51.68 on Wednesday. The company has a fifty day moving average price of $44.15 and a 200-day moving average price of $47.15. The firm has a market capitalization of $692.20 million, a P/E ratio of -19.14 and a beta of 2.14. 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 has a one year low of $33.58 and a one year high of $62.49.

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.