LendingTree, Inc. (NASDAQ:TREE) Receives $65.75 Average Target Price from Analysts

LendingTree, Inc. (NASDAQ:TREE) has earned an average rating of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $65.75.

A number of brokerages recently issued reports on TREE. JPMorgan Chase & Co. upped their price objective on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. StockNews.com raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods decreased their target price 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. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC decreased their target price on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th.

Insider Activity

In other news, COO Scott Peyree bought 9,794 shares of LendingTree stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the acquisition, the chief operating officer now owns 97,566 shares of the company’s stock, valued at $4,500,719.58. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. Squarepoint Ops LLC increased its position in shares of LendingTree by 2,074.7% during the fourth quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider’s stock worth $4,185,000 after acquiring an additional 103,032 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of LendingTree by 127.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider’s stock worth $6,455,000 after acquiring an additional 93,244 shares during the last quarter. AQR Capital Management LLC increased its position in shares of 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 acquiring an additional 54,368 shares during the last quarter. Walleye Capital LLC increased its position in shares of 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 last quarter. Finally, Barclays PLC increased its position in shares of LendingTree by 199.2% during the fourth quarter. Barclays PLC now owns 64,056 shares of the financial services provider’s stock worth $2,482,000 after acquiring an additional 42,647 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Price Performance

LendingTree stock opened at $51.68 on Wednesday. LendingTree has a 52-week low of $33.58 and a 52-week high of $62.49. The firm has a market capitalization of $692.20 million, a price-to-earnings ratio of -19.14 and a beta of 2.14. The company has a fifty day simple moving average of $44.15 and a 200-day simple moving average of $47.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

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.