LendingTree, Inc. (NASDAQ:TREE - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $41.45, but opened at $42.90. LendingTree shares last traded at $46.83, with a volume of 137,776 shares trading hands.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Susquehanna increased their price target 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. Truist Financial boosted their price target on LendingTree from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Northland Capmk raised LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Needham & Company LLC lifted their price target on shares of LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Oppenheimer upped their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.
Read Our Latest Report on TREE
LendingTree Trading Down 1.7 %
The firm has a market capitalization of $612.78 million, a P/E ratio of -16.99 and a beta of 2.06. The business has a 50-day moving average price of $40.77 and a 200-day moving average price of $48.91. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.
Insider Buying and Selling at LendingTree
In related news, CEO Douglas R. Lebda bought 13,000 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was acquired 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 of the company's stock, valued at $4,829,912.28. This 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 company'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. Insiders own 23.40% of the company's stock.
Institutional Investors Weigh In On LendingTree
A number of hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew its stake in LendingTree by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider's stock worth $1,432,000 after buying an additional 1,728 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of LendingTree by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock worth $9,393,000 after acquiring an additional 15,400 shares in the last quarter. Barclays PLC grew its position in LendingTree by 301.5% during the 3rd 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 during the last quarter. Geode Capital Management LLC increased its holdings in LendingTree by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider's stock valued at $14,697,000 after purchasing an additional 2,595 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in LendingTree in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 68.26% of the company's stock.
About LendingTree
(
Get Free Report)
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.
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