LendingTree, Inc. (NASDAQ:TREE) Receives $65.75 Average Target Price from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have earned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $65.75.

Several equities research analysts recently commented on TREE shares. Needham & Company LLC cut their price target on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. boosted their target price on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods dropped their price target on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Tuesday, January 21st. Finally, Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st.

Insider Activity

In other news, COO Scott Peyree acquired 21,045 shares of LendingTree stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $41.69 per share, for a total transaction of $877,366.05. Following the completion of the transaction, the chief operating officer now directly owns 76,760 shares in the company, valued at approximately $3,200,124.40. This trade represents a 37.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

Several hedge funds have recently modified their holdings of the business. Emerald Advisers LLC raised its position in LendingTree by 1.4% in the fourth quarter. Emerald Advisers LLC now owns 361,220 shares of the financial services provider’s stock worth $13,997,000 after acquiring an additional 4,831 shares in the last quarter. Blue Grotto Capital LLC grew its stake in shares of LendingTree by 4.1% during the 4th quarter. Blue Grotto Capital LLC now owns 301,784 shares of the financial services provider’s stock worth $11,694,000 after purchasing an additional 11,784 shares during the period. Geode Capital Management LLC increased its holdings in shares of LendingTree by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock valued at $14,697,000 after purchasing an additional 2,595 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in shares of LendingTree by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock valued at $9,393,000 after purchasing an additional 15,400 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in LendingTree by 15.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 204,896 shares of the financial services provider’s stock worth $7,940,000 after buying an additional 27,887 shares in the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

LendingTree Stock Performance

Shares of LendingTree stock opened at $44.88 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a 52 week low of $34.08 and a 52 week high of $62.49. The firm’s 50 day moving average is $45.90 and its two-hundred day moving average is $45.80. The firm has a market capitalization of $601.12 million, a P/E ratio of -16.62 and a beta of 1.90.

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.