LendingTree, Inc. (NASDAQ:TREE) Receives Average Recommendation of “Moderate Buy” from Brokerages

LendingTree, Inc. (NASDAQ:TREE) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation 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.

Several research analysts have commented on TREE shares. Keefe, Bruyette & Woods upped their target price on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research note on Sunday, November 10th. Truist Financial increased their price target on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Susquehanna lifted their price objective 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.

Insider Transactions at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction 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 Trading of LendingTree

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in LendingTree in the third quarter worth approximately $32,000. CWM LLC boosted its stake in shares of LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares in the last quarter. Point72 DIFC Ltd grew its holdings in shares of 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 acquiring an additional 499 shares during the last quarter. nVerses Capital LLC raised its position in shares of LendingTree by 200.0% during the third 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 during the period. Finally, Headlands Technologies LLC lifted its holdings in shares of LendingTree by 16.8% during the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares during the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

LendingTree Stock Performance

Shares of TREE opened at $43.43 on Thursday. The firm has a fifty day moving average of $54.85 and a 200-day moving average of $50.00. The company has a market cap of $580.31 million, a price-to-earnings ratio of -16.09 and a beta of 2.11. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree has a 1 year low of $15.75 and a 1 year high of $62.49.

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.