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

LendingTree, Inc. (NASDAQ:TREE) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $64.00.

A number of brokerages have recently weighed in on TREE. Susquehanna upped their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Truist Financial upped their price objective on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Northland Securities lifted their price objective on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Sunday, November 10th. Finally, Keefe, Bruyette & Woods lifted their price target 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 Performance

Shares of TREE opened at $42.99 on Thursday. LendingTree has a one year low of $15.75 and a one year high of $62.49. The company has a market cap of $574.35 million, a PE ratio of -15.92 and a beta of 2.11. The stock has a 50-day moving average of $54.48 and a 200-day moving average of $49.91. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

Insider Transactions at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction on Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

A number of large investors have recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. bought a new position in shares of LendingTree during the 2nd quarter valued at approximately $8,380,000. Acadian Asset Management LLC grew its holdings in LendingTree by 53.9% during the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after purchasing an additional 89,900 shares during the period. Lisanti Capital Growth LLC purchased a new stake in LendingTree in the third quarter worth $3,651,000. Renaissance Technologies LLC raised its stake in shares of LendingTree by 25.0% in the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after buying an additional 58,500 shares during the period. Finally, Walleye Capital LLC lifted its position in shares of LendingTree by 118.0% during the 3rd quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock valued at $451,000 after buying an additional 50,910 shares during the last quarter. Hedge funds and other institutional investors 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.