LendingTree (NASDAQ:TREE) Upgraded at Northland Capmk

Northland Capmk upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

TREE has been the topic of a number of other reports. Truist Financial lifted 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. Keefe, Bruyette & Woods boosted their price objective on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Oppenheimer boosted their target price on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com cut shares of LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Susquehanna upped their price objective on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Performance

Shares of LendingTree stock opened at $42.51 on Tuesday. The stock has a market cap of $567.93 million, a price-to-earnings ratio of -15.74 and a beta of 2.06. LendingTree has a twelve month low of $28.50 and a twelve month high of $62.49. The company’s fifty day moving average is $40.76 and its 200 day moving average is $48.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Transactions at LendingTree

In other LendingTree news, CEO Douglas R. Lebda bought 13,000 shares of LendingTree stock in a transaction dated Friday, December 6th. The stock was bought at an average cost of $39.72 per share, with a total value of $516,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 121,599 shares in the company, valued at approximately $4,829,912.28. The trade was a 11.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $29,632.56. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Several large investors have recently made changes to their positions in the business. Hennessy Advisors Inc. grew its position in LendingTree by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock valued at $9,393,000 after buying an additional 15,400 shares during the period. Barclays PLC lifted its stake in LendingTree by 301.5% in the third quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 16,077 shares during the last quarter. Geode Capital Management LLC grew its holdings in LendingTree by 1.0% during the third 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. National Bank of Canada FI purchased a new stake in LendingTree in the third quarter worth $32,000. Finally, Point72 DIFC Ltd raised its stake in shares of LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after buying an additional 499 shares during the period. 68.26% of the stock is owned by hedge funds and other 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.