LendingTree (NASDAQ:TREE) Rating Lowered to “Hold” at StockNews.com

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

A number of other brokerages also recently weighed in on TREE. Susquehanna raised their target price on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Truist Financial boosted their target price on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer upped their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC upped their price target 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, Keefe, Bruyette & Woods increased their price objective on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, LendingTree currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Performance

Shares of NASDAQ TREE opened at $43.85 on Wednesday. The stock has a 50 day moving average of $52.66 and a 200-day moving average of $49.67. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a market capitalization of $585.84 million, a P/E ratio of -16.24 and a beta of 2.11. LendingTree has a 12 month low of $15.95 and a 12 month high of $62.49.

Insider Buying and Selling at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree 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 legal filing with the SEC, which is accessible through this hyperlink. 23.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LendingTree

Several large investors have recently made changes to their positions in the business. Emerald Advisers LLC increased its stake in LendingTree by 3.0% in the 3rd quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock worth $20,681,000 after acquiring an additional 10,497 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of LendingTree by 25.0% in the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after buying an additional 58,500 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after acquiring an additional 23,995 shares during the period. Geode Capital Management LLC grew its position in LendingTree by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock worth $14,697,000 after acquiring an additional 2,595 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in LendingTree during the 2nd quarter valued at $8,380,000. 68.26% of the stock is owned by hedge funds and other 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.