LendingTree (NASDAQ:TREE) Lowered to Hold Rating by StockNews.com

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

A number of other analysts also recently issued reports on TREE. Oppenheimer raised their price target on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial upped their price target on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC upped their price objective on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods lifted their price objective on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Susquehanna increased their target price on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Price Performance

Shares of TREE opened at $43.85 on Wednesday. The company has a market capitalization of $585.84 million, a P/E ratio of -16.24 and a beta of 2.11. LendingTree has a twelve month low of $15.95 and a twelve month 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 firm has a 50 day moving average of $52.66 and a 200 day moving average of $49.67.

Insider Transactions at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC raised its stake in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 420 shares in the last quarter. National Bank of Canada FI purchased a new stake in LendingTree during the third quarter valued at approximately $32,000. Point72 DIFC Ltd lifted its position in LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 499 shares during the last quarter. nVerses Capital LLC grew its stake in LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after buying an additional 800 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of LendingTree during the second quarter valued at about $132,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.