LendingTree (NASDAQ:TREE) Upgraded at StockNews.com

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research report released on Wednesday.

TREE has been the subject of several other research reports. Keefe, Bruyette & Woods raised their price target on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Tuesday, January 21st. Needham & Company LLC upped their price target on 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 report on Friday, November 1st. Finally, Oppenheimer upped their target price on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, LendingTree currently has a consensus rating of “Buy” and an average target price of $64.00.

LendingTree Price Performance

LendingTree stock opened at $44.93 on Wednesday. The stock has a 50-day moving average price of $40.92 and a two-hundred day moving average price of $48.85. LendingTree has a 12 month low of $28.50 and a 12 month high of $62.49. The company has a market capitalization of $600.26 million, a PE ratio of -16.64 and a beta of 2.06. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Buying and Selling

In related news, CTO Scott V. Totman acquired 3,750 shares of LendingTree stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $38.59 per share, with a total value of $144,712.50. Following the transaction, the chief technology officer now directly owns 18,192 shares in the company, valued at $702,029.28. This represents a 25.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas R. Lebda acquired 13,000 shares of the stock in a transaction dated Friday, December 6th. The stock was bought 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 in the company, valued at $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.

Hedge Funds Weigh In On LendingTree

Several institutional investors have recently made changes to their positions in TREE. Emerald Advisers LLC increased its position in LendingTree by 3.0% in the 3rd 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. Geode Capital Management LLC grew its stake in LendingTree by 1.0% in 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 acquiring an additional 2,595 shares during the period. Hennessy Advisors Inc. increased its holdings in shares of 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 acquiring an additional 15,400 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of LendingTree by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider’s stock worth $5,119,000 after purchasing an additional 2,602 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of LendingTree by 4.0% in the 2nd quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 2,707 shares in the last quarter. Institutional investors and hedge funds 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.