LendingTree (NASDAQ:TREE) Stock Rating Upgraded by StockNews.com

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

TREE has been the subject of several other research reports. Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Tuesday, January 21st. Truist Financial lifted their target price on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC upped their price target on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Susquehanna boosted their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $64.00.

LendingTree Stock Performance

Shares of TREE stock opened at $47.13 on Wednesday. The company has a market capitalization of $629.66 million, a price-to-earnings ratio of -17.46 and a beta of 2.06. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree has a one year low of $28.50 and a one year high of $62.49. The company’s 50-day moving average is $40.83 and its 200 day moving average is $48.89.

Insider Activity

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Scott V. Totman acquired 3,750 shares of the stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the transaction, the chief technology officer now owns 18,192 shares in the company, valued at approximately $702,029.28. This represents a 25.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 499 shares during the period. National Bank of Canada FI purchased a new position in shares of LendingTree during the 3rd quarter valued at $32,000. nVerses Capital LLC boosted its holdings in 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 buying an additional 800 shares during the period. Asset Management One Co. Ltd. increased its stake in LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,021 shares in the last quarter. Finally, CWM LLC raised its holdings in LendingTree by 262.1% during the third 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 during the period. 68.26% of the stock is owned by hedge funds and other institutional investors.

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.