LendingTree (NASDAQ:TREE) Raised to Strong-Buy at Northland Capmk

LendingTree (NASDAQ:TREE) was upgraded by analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial raised their price target on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upped 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. Oppenheimer raised their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Stock Performance

NASDAQ TREE opened at $43.31 on Tuesday. LendingTree has a fifty-two week low of $28.50 and a fifty-two week high of $62.49. The firm has a market capitalization of $578.62 million, a P/E ratio of -16.04 and a beta of 2.06. The stock’s fifty day moving average is $40.89 and its two-hundred day moving average is $48.86. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Buying and Selling at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas R. Lebda acquired 13,000 shares of LendingTree stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the purchase, the chief executive officer now owns 121,599 shares of the company’s stock, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by corporate insiders.

Institutional Trading of LendingTree

A number of large investors have recently made changes to their positions in TREE. Hennessy Advisors Inc. lifted its stake in LendingTree by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock worth $9,393,000 after acquiring an additional 15,400 shares during the last quarter. Barclays PLC raised its holdings in shares of LendingTree by 301.5% in the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 16,077 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 2,595 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of LendingTree during the third quarter worth $32,000. Finally, Point72 DIFC Ltd increased its holdings in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after buying an additional 499 shares during the last quarter. 68.26% of the stock is currently 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.