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

LendingTree, Inc. (NASDAQ:TREE) has received a consensus rating of “Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $64.00.

Several brokerages have recently weighed in on TREE. 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 research note on Friday, November 1st. Needham & Company LLC raised their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods boosted their target price on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer increased their price target on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st.

Insider Activity

In related news, CEO Douglas R. Lebda acquired 13,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $39.72 per share, with a total value of $516,360.00. Following the completion of the transaction, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Scott V. Totman acquired 3,750 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was 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 directly owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. This trade 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.

Hedge Funds Weigh In On LendingTree

Several large investors have recently modified their holdings of TREE. National Bank of Canada FI bought a new position in LendingTree during the third quarter worth about $32,000. New Age Alpha Advisors LLC bought a new position in LendingTree during the fourth quarter worth about $36,000. Tower Research Capital LLC TRC increased its position in LendingTree by 248.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 848 shares during the period. Wealthfront Advisers LLC bought a new position in LendingTree during the fourth quarter worth about $54,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in LendingTree during the fourth quarter worth about $56,000. 68.26% of the stock is owned by institutional investors.

LendingTree Price Performance

Shares of TREE opened at $41.27 on Friday. The stock has a market capitalization of $551.37 million, a P/E ratio of -15.29 and a beta of 2.07. LendingTree has a twelve month low of $28.50 and a twelve month high of $62.49. The company has a 50 day moving average of $41.90 and a 200-day moving average of $48.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

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.