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

LendingTree, Inc. (NASDAQ:TREE) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $64.00.

Several equities research analysts recently issued reports on TREE shares. Truist Financial upped their price target on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com cut shares of LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Needham & Company LLC boosted their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer increased their price objective 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, Keefe, Bruyette & Woods lifted their target price on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

LendingTree Stock Down 1.3 %

Shares of LendingTree stock opened at $38.86 on Friday. The business has a 50-day moving average price of $42.38 and a 200 day moving average price of $48.83. LendingTree has a fifty-two week low of $24.55 and a fifty-two week high of $62.49. The firm has a market cap of $519.25 million, a P/E ratio of -14.39 and a beta of 2.06. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Buying and Selling

In related news, CTO Scott V. Totman acquired 3,750 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the acquisition, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. The trade was a 25.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas R. Lebda bought 13,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the acquisition, the chief executive officer now owns 121,599 shares of the company’s stock, valued at $4,829,912.28. This 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.

Hedge Funds Weigh In On LendingTree

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in LendingTree by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 40,268 shares of the financial services provider’s stock valued at $1,675,000 after buying an additional 2,830 shares in the last quarter. Versor Investments LP acquired a new position in shares of LendingTree in the 2nd quarter worth approximately $204,000. Emerald Mutual Fund Advisers Trust raised its holdings in shares of LendingTree by 9.3% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after purchasing an additional 23,995 shares in the last quarter. Emerald Advisers LLC lifted its stake in LendingTree by 0.7% during the second quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider’s stock valued at $14,386,000 after purchasing an additional 2,247 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in LendingTree during the second quarter worth approximately $132,000. 68.26% of the stock is 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.