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

LendingTree, Inc. (NASDAQ:TREE) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $64.00.

TREE has been the subject of a number of analyst reports. StockNews.com cut shares of LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Needham & Company LLC upped 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. Truist Financial raised their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Susquehanna boosted their target price on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

Insider Activity at LendingTree

In related news, CTO Scott V. Totman bought 3,750 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the acquisition, the chief technology officer now 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 can be accessed through the SEC website. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction that occurred on 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.

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Emerald Advisers LLC grew its stake in shares of LendingTree by 3.0% in the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock valued at $20,681,000 after buying an additional 10,497 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of LendingTree by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after purchasing an additional 58,500 shares during the last quarter. 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 valued at $11,676,000 after purchasing an additional 23,995 shares during the period. Geode Capital Management LLC raised its holdings in shares of LendingTree by 1.0% in the 3rd 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 period. Finally, Charles Schwab Investment Management Inc. lifted its stake in LendingTree by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider’s stock valued at $5,119,000 after purchasing an additional 2,602 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

LendingTree Price Performance

Shares of TREE opened at $39.38 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market cap of $526.20 million, a P/E ratio of -14.59 and a beta of 2.06. The stock’s 50-day moving average price is $43.39 and its two-hundred day moving average price is $48.98. LendingTree has a 1 year low of $24.55 and a 1 year high of $62.49.

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.