Shares of LendingTree, Inc. (NASDAQ:TREE - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $64.00.
TREE has been the topic of several research reports. Truist Financial boosted their price objective on shares of LendingTree from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Susquehanna boosted their price target on LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on LendingTree from $71.00 to $73.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Needham & Company LLC lifted their price objective on LendingTree from $67.00 to $78.00 and gave the stock a "buy" rating in a 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 research note on Friday, November 1st.
View Our Latest Stock Analysis on TREE
LendingTree Price Performance
Shares of LendingTree stock traded up $1.93 during midday trading on Monday, hitting $41.11. The company had a trading volume of 554,755 shares, compared to its average volume of 249,673. LendingTree has a 1-year low of $22.25 and a 1-year high of $62.49. The business's 50 day simple moving average is $50.59 and its two-hundred day simple moving average is $49.48. 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 at LendingTree
In other LendingTree news, CEO Douglas R. Lebda acquired 13,000 shares of LendingTree stock in a transaction on Friday, December 6th. The shares were bought at an average price of $39.72 per share, with a total value of $516,360.00. Following the completion of the purchase, the chief executive officer now 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm's 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 disclosure for this sale can be found here. Company insiders own 23.40% of the company's stock.
Hedge Funds Weigh In On LendingTree
Large investors have recently modified their holdings of the stock. CWM LLC increased its holdings in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 420 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of LendingTree in the 3rd quarter valued at $32,000. Point72 DIFC Ltd raised its position 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 acquiring an additional 499 shares during the last quarter. nVerses Capital LLC lifted its stake in shares of LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 800 shares during the period. Finally, Quest Partners LLC bought a new position in LendingTree in the second quarter valued at about $132,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.
LendingTree Company Profile
(
Get Free ReportLendingTree, 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.
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