LendingTree, Inc. (NASDAQ:TREE) Receives Average Rating of “Buy” from Brokerages

Shares of LendingTree, Inc. (NASDAQ:TREE) have received an average recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $64.00.

A number of equities research analysts have issued reports on TREE shares. Keefe, Bruyette & Woods increased their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial increased their target price on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Needham & Company LLC boosted their target price on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Insider Activity at LendingTree

In related news, CEO Douglas R. Lebda purchased 13,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the transaction, the chief executive officer now owns 121,599 shares in the company, valued at approximately $4,829,912.28. The trade was a 11.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Scott V. Totman acquired 3,750 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were bought at an average price 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 disclosure for this purchase can be found here. 23.40% of the stock is owned by insiders.

Hedge Funds Weigh In On LendingTree

A number of institutional investors and hedge funds have recently modified their holdings of TREE. National Bank of Canada FI bought a new stake in LendingTree in the third quarter worth $32,000. New Age Alpha Advisors LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at $36,000. Point72 DIFC Ltd lifted its holdings in shares of LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 499 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 848 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in LendingTree during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Stock Performance

Shares of NASDAQ TREE opened at $40.51 on Friday. The stock has a market cap of $541.29 million, a PE ratio of -15.00 and a beta of 2.07. LendingTree has a 1 year low of $28.50 and a 1 year high of $62.49. The firm has a fifty day moving average price of $41.94 and a 200-day moving average price of $48.10. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

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.