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

Shares of LendingTree, Inc. (NASDAQ:TREE) have been assigned a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $65.75.

Several brokerages have commented on TREE. Needham & Company LLC decreased their price target on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Keefe, Bruyette & Woods reduced their price target on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. StockNews.com downgraded shares of LendingTree from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 8th. Finally, Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st.

LendingTree Stock Performance

NASDAQ TREE opened at $45.15 on Friday. The business has a 50-day moving average price of $45.94 and a 200-day moving average price of $46.06. The firm has a market cap of $604.74 million, a price-to-earnings ratio of -16.72 and a beta of 1.90. LendingTree has a twelve month low of $33.58 and a twelve month 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.

Insider Transactions at LendingTree

In other news, COO Scott Peyree bought 21,045 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was 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 directly owns 76,760 shares in the company, valued at approximately $3,200,124.40. This trade represents a 37.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.40% of the company’s stock.

Hedge Funds Weigh In On LendingTree

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC increased its position in LendingTree by 2,074.7% during the 4th quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider’s stock valued at $4,185,000 after purchasing an additional 103,032 shares during the period. Cubist Systematic Strategies LLC raised its stake in LendingTree by 127.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider’s stock worth $6,455,000 after buying an additional 93,244 shares in the last quarter. AQR Capital Management LLC lifted its holdings in LendingTree by 70.6% during the fourth quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider’s stock worth $5,092,000 after buying an additional 54,368 shares during the period. Barclays PLC boosted its position in LendingTree by 199.2% during the 4th quarter. Barclays PLC now owns 64,056 shares of the financial services provider’s stock valued at $2,482,000 after acquiring an additional 42,647 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of LendingTree by 97.0% in the 4th quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider’s stock valued at $3,151,000 after acquiring an additional 40,038 shares during the period. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.