LendingTree (NASDAQ:TREE) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a report issued on Wednesday morning.

Several other equities analysts have also recently weighed in on the company. Oppenheimer raised their price objective on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their price target on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Northland Securities upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Tuesday, January 21st. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Truist Financial lifted their price target on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, LendingTree currently has an average rating of “Buy” and a consensus target price of $64.00.

LendingTree Stock Performance

Shares of LendingTree stock opened at $44.93 on Wednesday. LendingTree has a 52 week low of $28.50 and a 52 week 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. The business has a 50 day moving average price of $40.92 and a 200-day moving average price of $48.85. The company has a market cap of $600.26 million, a PE ratio of -16.64 and a beta of 2.06.

Insider Activity

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction that occurred 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 can be accessed through the SEC website. Also, CTO Scott V. Totman acquired 3,750 shares of LendingTree stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of $38.59 per share, with a total value of $144,712.50. Following the completion of the purchase, the chief technology officer now directly owns 18,192 shares in the company, valued at $702,029.28. This represents a 25.97 % increase in their position. The disclosure for this purchase can be found here. Insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Lisanti Capital Growth LLC purchased a new stake in shares of LendingTree in the third quarter worth about $3,651,000. GSA Capital Partners LLP purchased a new stake in LendingTree in the 3rd quarter worth approximately $1,612,000. Polar Asset Management Partners Inc. purchased a new stake in LendingTree in the 3rd quarter worth approximately $1,045,000. Barclays PLC boosted its holdings in 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. Finally, Hennessy Advisors Inc. grew its position in shares of LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock valued at $9,393,000 after purchasing an additional 15,400 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

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.