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

Shares of LendingTree, Inc. (NASDAQ:TREE) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $64.00.

A number of equities analysts have recently commented on TREE shares. Needham & Company LLC raised their target price on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods boosted their price objective on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com downgraded LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Susquehanna upped their target price on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price objective on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

LendingTree Price Performance

TREE opened at $39.18 on Monday. The stock has a market cap of $523.52 million, a P/E ratio of -14.51 and a beta of 2.03. LendingTree has a 52-week low of $20.57 and a 52-week high of $62.49. The business has a fifty day moving average of $50.59 and a 200 day moving average of $49.48. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Transactions at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of LendingTree by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock valued at $697,000 after buying an additional 295 shares during the period. CWM LLC grew its position in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares during the period. SG Americas Securities LLC increased its stake in LendingTree by 297.2% in the second quarter. SG Americas Securities LLC now owns 11,797 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 8,827 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in LendingTree during the second quarter worth about $8,380,000. Finally, Bank of New York Mellon Corp boosted its stake in LendingTree by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,268 shares of the financial services provider’s stock worth $1,675,000 after buying an additional 2,830 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.