LendingTree (NASDAQ:TREE) Upgraded by Northland Securities to “Outperform” Rating

Northland Securities upgraded shares of LendingTree (NASDAQ:TREE) from a market perform rating to an outperform rating in a report issued on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has $60.00 target price on the financial services provider’s stock.

A number of other research firms have also recently issued reports on TREE. StockNews.com downgraded LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Oppenheimer raised their price target on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods boosted their price objective on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC upped their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Susquehanna lifted their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Stock Performance

NASDAQ:TREE opened at $44.49 on Tuesday. LendingTree has a 12-month low of $28.28 and a 12-month 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 firm has a 50-day moving average price of $41.08 and a 200 day moving average price of $48.84. The firm has a market capitalization of $594.39 million, a PE ratio of -16.48 and a beta of 2.06.

Insider Transactions at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Scott V. Totman purchased 3,750 shares of LendingTree stock in a transaction that occurred on Friday, December 6th. The stock was purchased 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 trade represents a 25.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LendingTree

Several institutional investors have recently made changes to their positions in TREE. American Century Companies Inc. raised its holdings in shares of LendingTree by 30.4% during the 2nd quarter. American Century Companies Inc. now owns 17,203 shares of the financial services provider’s stock worth $715,000 after buying an additional 4,010 shares in the last quarter. Sei Investments Co. raised its stake in LendingTree by 124.6% during the second quarter. Sei Investments Co. now owns 11,658 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 6,467 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of LendingTree by 4.0% in the second quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 2,707 shares during the last quarter. CWM LLC boosted its stake in shares of LendingTree by 262.1% in the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of LendingTree during the 3rd quarter valued at approximately $356,000. 68.26% of the stock is currently owned by institutional investors.

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.