Analysts Set LendingTree, Inc. (NASDAQ:TREE) PT at $64.00

Shares of LendingTree, Inc. (NASDAQ:TREE) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $64.00.

TREE has been the topic of a number of recent analyst reports. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Needham & Company LLC boosted their price target on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer raised 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. Truist Financial upped their price objective on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Susquehanna raised their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st.

LendingTree Trading Up 3.0 %

Shares of NASDAQ:TREE opened at $39.99 on Friday. 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 company’s 50-day moving average price is $43.66 and its 200 day moving average price is $48.94. The company has a market cap of $534.35 million, a PE ratio of -14.81 and a beta of 2.06. LendingTree has a fifty-two week low of $24.55 and a fifty-two week high of $62.49.

Insider Activity

In related news, CTO Scott V. Totman bought 3,750 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $38.59 per share, with a total value of $144,712.50. Following the completion of the transaction, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. This trade represents a 25.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the 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 disclosure for this sale can be found here. Insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

Several institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI purchased a new position in shares of LendingTree in the third quarter worth approximately $32,000. Point72 DIFC Ltd boosted its stake in LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 499 shares during the period. nVerses Capital LLC grew its position in LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 800 shares in the last quarter. CWM LLC raised its stake in LendingTree by 262.1% during the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,578 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of LendingTree in the second quarter valued at $132,000. Institutional investors and hedge funds 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.