LendingTree, Inc. (NASDAQ:TREE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of LendingTree, Inc. (NASDAQ:TREE) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $64.00.

A number of research firms have commented on TREE. Oppenheimer upped their price target on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Susquehanna increased their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC boosted their price target 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. Finally, Keefe, Bruyette & Woods increased their price objective on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

LendingTree Stock Performance

Shares of LendingTree stock opened at $38.84 on Friday. The stock has a market cap of $518.98 million, a price-to-earnings ratio of -14.39 and a beta of 2.03. LendingTree has a twelve month low of $24.55 and a twelve month high of $62.49. The company’s fifty day moving average is $43.92 and its 200 day moving average is $48.90. 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 Activity at LendingTree

In other news, CTO Scott V. Totman acquired 3,750 shares of LendingTree stock in a transaction 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 owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. The trade was a 25.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’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 value of $29,632.56. The disclosure for this sale can be found here. 23.40% of the stock is owned by corporate insiders.

Institutional Trading of LendingTree

Several hedge funds have recently bought and sold shares of TREE. Point72 DIFC Ltd raised its holdings in LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after buying an additional 499 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of LendingTree during the third quarter worth about $32,000. nVerses Capital LLC raised its holdings in shares of LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 800 shares during the last quarter. CWM LLC lifted its position in 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 acquiring an additional 1,578 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in LendingTree by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock valued at $2,044,000 after purchasing an additional 1,742 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.