LendingTree (NASDAQ:TREE) Trading Up 4.3% – Time to Buy?

Shares of LendingTree, Inc. (NASDAQ:TREE) were up 4.3% on Tuesday . The stock traded as high as $54.48 and last traded at $54.48. Approximately 134,420 shares changed hands during trading, a decline of 43% from the average daily volume of 236,250 shares. The stock had previously closed at $52.24.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Oppenheimer boosted their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stephens increased their target price on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Sunday. Keefe, Bruyette & Woods raised their price objective on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Susquehanna upped their target price on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, LendingTree has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Trading Down 7.8 %

The business’s 50-day simple moving average is $55.09 and its 200-day simple moving average is $49.93. The company has a market cap of $665.69 million, a PE ratio of -18.45 and a beta of 2.11. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Buying and Selling

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its stake in shares of LendingTree by 697.5% in the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 11,049 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in shares of LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after acquiring an additional 23,995 shares during the period. Lisanti Capital Growth LLC bought a new position in LendingTree during the third quarter worth $3,651,000. Jacobs Levy Equity Management Inc. raised its stake in LendingTree by 6.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after purchasing an additional 22,581 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in LendingTree by 53.9% in the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after purchasing an additional 89,900 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.