LendingTree, Inc. (NASDAQ:TREE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $64.00.

A number of research analysts recently commented on the company. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods raised their price objective on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Susquehanna upped their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Oppenheimer raised their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their price objective on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Insider Activity at LendingTree

In related news, CTO Scott V. Totman bought 3,750 shares of LendingTree 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The disclosure for this sale can be found here. Insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently made changes to their positions in TREE. Lisanti Capital Growth LLC acquired a new stake in LendingTree in the third quarter worth about $3,651,000. Renaissance Technologies LLC grew its position in shares of LendingTree by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after buying an additional 58,500 shares during the period. Walleye Capital LLC raised its stake in shares of LendingTree by 118.0% during the third quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock worth $451,000 after buying an additional 50,910 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in LendingTree in the second quarter valued at approximately $1,360,000. Finally, GSA Capital Partners LLP bought a new position in LendingTree in the third quarter valued at approximately $1,612,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Trading Down 1.2 %

LendingTree stock opened at $39.38 on Friday. The business has a 50 day moving average price of $43.39 and a two-hundred day moving average price of $48.98. 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 12 month low of $24.55 and a 12 month high of $62.49. The stock has a market cap of $526.20 million, a price-to-earnings ratio of -14.59 and a beta of 2.06.

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.