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

LendingTree, Inc. (NASDAQ:TREE) has been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $64.00.

TREE has been the topic of a number of research analyst reports. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted 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. Truist Financial increased their target price 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. Oppenheimer lifted their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Northland Capmk upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st.

LendingTree Stock Performance

Shares of TREE opened at $49.32 on Tuesday. The firm has a market cap of $658.92 million, a price-to-earnings ratio of -18.27 and a beta of 2.06. 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 business’s 50 day moving average is $40.58 and its two-hundred day moving average is $48.88. LendingTree has a 52-week low of $28.50 and a 52-week high of $62.49.

Insider Buying and Selling at LendingTree

In other LendingTree news, CEO Douglas R. Lebda purchased 13,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was bought at an average cost of $39.72 per share, with a total value of $516,360.00. Following the purchase, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at $4,829,912.28. The trade was a 11.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TREE. Hennessy Advisors Inc. raised its stake in LendingTree by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock worth $9,393,000 after purchasing an additional 15,400 shares in the last quarter. Barclays PLC increased its holdings in shares of LendingTree by 301.5% during the third quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock worth $1,244,000 after purchasing an additional 16,077 shares during the period. Geode Capital Management LLC raised its position in shares of LendingTree by 1.0% in the third quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock valued at $14,697,000 after buying an additional 2,595 shares in the last quarter. National Bank of Canada FI acquired a new stake in LendingTree during the third quarter worth approximately $32,000. Finally, Point72 DIFC Ltd increased its stake in LendingTree by 77.0% during 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 period. 68.26% of the stock is owned by institutional investors and hedge funds.

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.