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

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

A number of research analysts have weighed in on TREE shares. Keefe, Bruyette & Woods lifted their price objective on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer increased their price target on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Truist Financial increased their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stephens lifted their price objective on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, Susquehanna boosted their price target on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st.

LendingTree Price Performance

Shares of NASDAQ TREE opened at $49.82 on Thursday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $55.09 and its 200-day simple moving average is $49.93. LendingTree has a 12 month low of $14.95 and a 12 month high of $62.49. The stock has a market capitalization of $665.69 million, a price-to-earnings ratio of -18.45 and a beta of 2.11.

Insiders Place Their Bets

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 23.40% of the stock is currently owned by corporate insiders.

Institutional Trading of LendingTree

Several hedge funds have recently made changes to their positions in TREE. Hennessy Advisors Inc. purchased a new stake in shares of LendingTree during the 2nd quarter valued at approximately $8,380,000. Acadian Asset Management LLC raised its position in LendingTree by 53.9% in the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after purchasing an additional 89,900 shares during the period. Lisanti Capital Growth LLC acquired a new position in shares of LendingTree in the 3rd quarter valued at $3,651,000. Renaissance Technologies LLC grew its holdings in shares of LendingTree by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after purchasing an additional 58,500 shares during the period. Finally, ClariVest Asset Management LLC acquired a new stake in shares of LendingTree during the 2nd quarter worth about $1,360,000. Hedge funds and other institutional investors 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.