LendingTree (NASDAQ:TREE) Stock Rating Lowered by StockNews.com

LendingTree (NASDAQ:TREE) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently issued reports on TREE. Susquehanna boosted their price objective on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Oppenheimer boosted their price objective on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC increased 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. Truist Financial raised their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods upped 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. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, LendingTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Up 0.7 %

Shares of NASDAQ:TREE opened at $45.71 on Thursday. The stock has a 50-day simple moving average of $40.96 and a 200-day simple moving average of $48.61. The stock has a market capitalization of $610.69 million, a P/E ratio of -16.93 and a beta of 2.07. LendingTree has a 1 year low of $28.50 and a 1 year high of $62.49. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Buying and Selling at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Scott V. Totman acquired 3,750 shares of the business’s stock in a transaction on Friday, December 6th. The shares were purchased at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the purchase, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at $702,029.28. This represents a 25.97 % 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 corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of LendingTree during the 3rd quarter valued at approximately $32,000. Wealthfront Advisers LLC bought a new stake in LendingTree during the fourth quarter valued at $54,000. 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 worth $67,000 after purchasing an additional 499 shares during the period. nVerses Capital LLC lifted its position in shares of LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after buying an additional 800 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after buying an additional 1,021 shares during the period. 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.