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

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

Several research analysts have commented on the company. Susquehanna raised their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a report on Sunday, November 10th. Truist Financial boosted 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. Northland Securities upped their price target on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Oppenheimer lifted their price objective on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st.

Insider Buying and Selling at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Barclays PLC grew its position in LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock worth $1,244,000 after acquiring an additional 16,077 shares during the last quarter. Geode Capital Management LLC lifted its position in LendingTree by 1.0% in the third quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock valued at $14,697,000 after purchasing an additional 2,595 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of LendingTree during the third quarter valued at approximately $32,000. Point72 DIFC Ltd grew its holdings in shares of LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 499 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of LendingTree in the third quarter worth $1,045,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Price Performance

LendingTree stock opened at $42.99 on Thursday. The firm has a market capitalization of $574.35 million, a P/E ratio of -15.92 and a beta of 2.11. LendingTree has a one year low of $15.75 and a one year high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average price of $54.48 and a 200-day moving average price of $49.91.

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.