LendingTree (NASDAQ:TREE) Upgraded at StockNews.com

LendingTree (NASDAQ:TREE) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Tuesday, January 21st. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Finally, Stephens reiterated an “overweight” rating and issued a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $65.75.

LendingTree Price Performance

TREE stock opened at $50.63 on Tuesday. The business has a 50 day moving average price of $43.20 and a 200 day moving average price of $47.21. LendingTree has a fifty-two week low of $33.58 and a fifty-two week high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market cap of $678.14 million, a price-to-earnings ratio of -18.75 and a beta of 2.14.

Insiders Place Their Bets

In other LendingTree news, COO Scott Peyree purchased 9,794 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the purchase, the chief operating officer now directly owns 97,566 shares in the company, valued at $4,500,719.58. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TREE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in LendingTree by 63.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,490 shares of the financial services provider’s stock worth $561,000 after buying an additional 5,603 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in LendingTree by 2,074.7% during the 4th quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider’s stock worth $4,185,000 after buying an additional 103,032 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in LendingTree in the fourth quarter worth about $409,000. Point72 Asset Management L.P. bought a new stake in shares of LendingTree during the fourth quarter worth approximately $326,000. Finally, Man Group plc bought a new stake in shares of LendingTree during the 4th quarter valued at $324,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.