StockNews.com Downgrades LendingTree (NASDAQ:TREE) to Hold

LendingTree (NASDAQ:TREE) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other research firms also recently commented on TREE. Susquehanna boosted their price objective on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Oppenheimer boosted their price target on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC raised their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Truist Financial boosted their target price on LendingTree from $60.00 to $70.00 and gave the stock a “buy” 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. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Trading Up 0.7 %

Shares of TREE stock opened at $45.71 on Thursday. The business’s fifty day moving average price is $40.96 and its 200 day moving average price is $48.61. The firm has a market capitalization of $610.69 million, a PE ratio of -16.93 and a beta of 2.07. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. LendingTree has a 1-year low of $28.50 and a 1-year high of $62.49.

Insider Activity

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

Hedge Funds Weigh In On LendingTree

Several institutional investors have recently added to or reduced their stakes in TREE. National Bank of Canada FI purchased a new stake in LendingTree in the 3rd quarter valued at about $32,000. Point72 DIFC Ltd boosted its position in shares of LendingTree by 77.0% in the third 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 grew its holdings in LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 800 shares during the period. Wealthfront Advisers LLC acquired a new position in LendingTree during the fourth quarter worth approximately $54,000. Finally, Asset Management One Co. Ltd. raised its stake in LendingTree by 101.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,021 shares during the period. 68.26% of the stock is currently 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.