Analysts Set LendingTree, Inc. (NASDAQ:TREE) PT at $64.00

LendingTree, Inc. (NASDAQ:TREE) has been given a consensus recommendation of “Buy” by the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $64.00.

A number of research firms have issued reports on TREE. Susquehanna upped their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a report on Wednesday. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Tuesday, January 21st. Finally, Oppenheimer increased their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

Insiders Place Their Bets

In other LendingTree news, CEO Douglas R. Lebda purchased 13,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average cost of $39.72 per share, with a total value of $516,360.00. Following the transaction, the chief executive officer now owns 121,599 shares in the company, valued at approximately $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The disclosure for this sale can be found here. 23.40% of the stock is owned by insiders.

Hedge Funds Weigh In On LendingTree

Institutional investors and hedge funds have recently bought and sold shares of the stock. Emerald Advisers LLC lifted its position in shares of LendingTree by 3.0% during the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock worth $20,681,000 after purchasing an additional 10,497 shares in the last quarter. Geode Capital Management LLC lifted its holdings in LendingTree by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock worth $14,697,000 after buying an additional 2,595 shares in the last quarter. Hennessy Advisors Inc. boosted its position in LendingTree by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock valued at $9,393,000 after buying an additional 15,400 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LendingTree by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider’s stock valued at $5,119,000 after acquiring an additional 2,602 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of LendingTree by 4.0% during the second quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 2,707 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Stock Down 4.7 %

Shares of NASDAQ:TREE opened at $44.93 on Tuesday. 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 company has a market capitalization of $600.26 million, a P/E ratio of -16.64 and a beta of 2.06. LendingTree has a 52-week low of $28.50 and a 52-week high of $62.49. The stock’s fifty day simple moving average is $40.92 and its 200-day simple moving average is $48.81.

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.