LendingTree (NASDAQ:TREE) Rating Increased to Buy at StockNews.com

LendingTree (NASDAQ:TREE) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other analysts have also issued research reports about the company. Oppenheimer boosted their target price on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Tuesday, January 21st. Truist Financial raised their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna boosted their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC raised their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $64.00.

LendingTree Price Performance

Shares of TREE stock traded down $0.72 on Wednesday, reaching $45.92. 356,498 shares of the company were exchanged, compared to its average volume of 270,678. The company has a market cap of $613.58 million, a price-to-earnings ratio of -17.01 and a beta of 2.06. LendingTree has a 1 year low of $28.50 and a 1 year high of $62.49. The business has a 50-day moving average price of $40.83 and a 200 day moving average price of $48.89. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Buying and Selling at LendingTree

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

Institutional Trading of LendingTree

A number of hedge funds have recently added to or reduced their stakes in the stock. Lisanti Capital Growth LLC acquired a new position in LendingTree during the 3rd quarter worth approximately $3,651,000. Walleye Capital LLC grew its holdings in LendingTree by 118.0% during the third quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 50,910 shares during the period. GSA Capital Partners LLP purchased a new position in LendingTree in the third quarter worth $1,612,000. Polar Asset Management Partners Inc. purchased a new position in LendingTree in the third quarter worth $1,045,000. Finally, Barclays PLC boosted its position in shares of LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock worth $1,244,000 after purchasing an additional 16,077 shares in the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

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.