LendingTree, Inc. (NASDAQ:TREE) Receives $64.00 Average Price Target from Brokerages

Shares of LendingTree, Inc. (NASDAQ:TREE) have earned an average recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $67.71.

TREE has been the subject of a number of recent research reports. 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 report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their target price on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Truist Financial increased 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. Susquehanna increased their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st.

LendingTree Price Performance

Shares of TREE stock opened at $40.39 on Friday. LendingTree has a 12 month low of $33.58 and a 12 month high of $62.49. 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 50 day moving average of $41.96 and a two-hundred day moving average of $47.98. The company has a market capitalization of $539.69 million, a P/E ratio of -14.96 and a beta of 2.07.

Insider Activity at LendingTree

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

Institutional Investors Weigh In On LendingTree

Hedge funds and other institutional investors have recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of LendingTree in the 3rd quarter valued at $32,000. New Age Alpha Advisors LLC acquired a new stake in shares of LendingTree in the 4th quarter valued at $36,000. Point72 DIFC Ltd increased its stake in shares of LendingTree by 77.0% in the 3rd 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. Tower Research Capital LLC TRC increased its stake in shares of LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock valued at $46,000 after buying an additional 848 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of LendingTree in the 4th quarter valued at $54,000. 68.26% of the stock is owned by institutional investors and hedge funds.

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.