LendingTree (NASDAQ:TREE) Raised to Buy at StockNews.com

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

Several other equities research analysts have also recently commented on TREE. Keefe, Bruyette & Woods boosted their price target 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. Northland Capmk upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Oppenheimer upped their price objective on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial raised their target price on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Susquehanna upped their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $64.00.

LendingTree Price Performance

NASDAQ TREE opened at $46.97 on Friday. The firm’s 50 day moving average is $41.62 and its 200-day moving average is $48.24. 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 company has a market capitalization of $627.52 million, a PE ratio of -17.40 and a beta of 2.07. LendingTree has a 12-month low of $28.50 and a 12-month high of $62.49.

Insider Buying and Selling at LendingTree

In related news, CTO Scott V. Totman bought 3,750 shares of LendingTree stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of $38.59 per share, with a total value of $144,712.50. Following the acquisition, the chief technology officer now owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. This represents a 25.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas R. Lebda purchased 13,000 shares of the stock in a transaction on Friday, December 6th. The stock was bought at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the acquisition, the chief executive officer now owns 121,599 shares in the company, valued at approximately $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

Several institutional investors have recently added to or reduced their stakes in TREE. Lisanti Capital Growth LLC acquired a new stake in shares of LendingTree during the third quarter worth $3,651,000. AQR Capital Management LLC boosted its holdings in LendingTree by 70.6% in the 4th quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider’s stock valued at $5,092,000 after purchasing an additional 54,368 shares during the period. Walleye Capital LLC grew its position in shares of LendingTree by 118.0% during the 3rd quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 50,910 shares in the last quarter. Barclays PLC increased its holdings in shares of LendingTree by 199.2% during the fourth quarter. Barclays PLC now owns 64,056 shares of the financial services provider’s stock worth $2,482,000 after purchasing an additional 42,647 shares during the period. Finally, Trexquant Investment LP raised its position in shares of LendingTree by 97.0% in the fourth quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider’s stock valued at $3,151,000 after buying an additional 40,038 shares in the last quarter. 68.26% of the stock is currently owned by 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.