LendingTree, Inc. (NASDAQ:TREE) Receives Average Rating of "Moderate Buy" from Brokerages

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $64.00.

TREE has been the subject of several recent research reports. Needham & Company LLC upped their price objective on LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on shares of LendingTree from $71.00 to $73.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. 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 note on Friday, November 1st. Oppenheimer boosted their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Susquehanna increased their price objective on LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a report on Friday, November 1st.

Insider Buying and Selling at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction on Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas R. Lebda bought 13,000 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the transaction, the chief executive officer now directly owns 121,599 shares in the company, valued at $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.40% of the company's stock.

Institutional Investors Weigh In On LendingTree

Several hedge funds and other institutional investors have recently bought and sold shares of TREE. Barclays PLC boosted its holdings in LendingTree by 301.5% in the third quarter. Barclays PLC now owns 21,409 shares of the financial services provider's stock worth $1,244,000 after acquiring an additional 16,077 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of LendingTree by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider's stock worth $14,697,000 after purchasing an additional 2,595 shares in the last quarter. National Bank of Canada FI acquired a new stake in LendingTree in the 3rd quarter valued at $32,000. Point72 DIFC Ltd grew its position in 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 purchasing an additional 499 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in LendingTree during the 3rd quarter valued at $1,045,000. 68.26% of the stock is owned by institutional investors.

LendingTree Price Performance

TREE traded up $1.15 on Friday, reaching $39.99. The stock had a trading volume of 115,783 shares, compared to its average volume of 140,792. 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 company has a market capitalization of $534.35 million, a price-to-earnings ratio of -14.81 and a beta of 2.03. LendingTree has a fifty-two week low of $24.55 and a fifty-two week high of $62.49. The firm has a 50-day moving average of $43.66 and a 200-day moving average of $48.89.

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.