LendingTree, Inc. (NASDAQ:TREE) Receives $64.00 Consensus Target Price from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings 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 target price among analysts that have issued ratings on the stock in the last year is $64.00.

Several equities analysts recently issued reports on TREE shares. Stephens boosted their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Truist Financial upped their target price on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC raised their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Susquehanna upped their price target on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Northland Securities increased their price objective on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th.

LendingTree Stock Down 8.5 %

Shares of LendingTree stock opened at $44.34 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a 12-month low of $15.10 and a 12-month high of $62.49. The company has a market cap of $592.38 million, a P/E ratio of -16.42 and a beta of 2.11. The company’s fifty day simple moving average is $54.85 and its two-hundred day simple moving average is $49.97.

Insider Activity at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.40% of the stock is owned by corporate insiders.

Institutional Trading of LendingTree

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC increased its holdings in shares of LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in LendingTree by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after buying an additional 295 shares in the last quarter. CWM LLC raised its position in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after buying an additional 420 shares during the last quarter. Point72 DIFC Ltd raised its holdings in shares of LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 499 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in LendingTree in the 3rd quarter worth approximately $32,000. 68.26% of the stock is currently owned by institutional investors.

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.