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

LendingTree, Inc. (NASDAQ:TREE) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation 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 topic of a number of recent analyst reports. Truist Financial raised 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. StockNews.com lowered shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Susquehanna boosted 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. Oppenheimer increased their price target on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lifted their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Insider Buying and Selling

In other LendingTree news, CTO Scott V. Totman bought 3,750 shares of the business’s stock in a transaction on Friday, December 6th. The stock was purchased at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the transaction, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at $702,029.28. This trade represents a 25.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas R. Lebda bought 13,000 shares of LendingTree stock in a transaction dated Friday, December 6th. The stock was acquired at an average price of $39.72 per share, with a total value of $516,360.00. Following the purchase, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI bought a new position in shares of LendingTree in the third quarter worth $32,000. Point72 DIFC Ltd lifted its holdings in LendingTree by 77.0% during the 3rd 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 in the last quarter. nVerses Capital LLC lifted its holdings in LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 800 shares in the last quarter. CWM LLC boosted its stake in LendingTree by 262.1% in the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,578 shares during the period. Finally, Quest Partners LLC purchased a new position in LendingTree during the 2nd quarter valued at about $132,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $38.84 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 $518.98 million, a PE ratio of -14.39 and a beta of 2.03. The stock’s fifty day simple moving average is $43.92 and its two-hundred day simple moving average is $48.90. 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.