LendingTree (NASDAQ:TREE) Downgraded by StockNews.com to Hold

LendingTree (NASDAQ:TREE - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.

Several other equities research analysts have also recently commented on the company. Susquehanna increased their price target on LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Oppenheimer lifted their price target on LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Truist Financial upped their price objective on shares of LendingTree from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, November 1st. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC increased their price target on shares of LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.00.

LendingTree Price Performance

TREE stock traded up $0.16 during midday trading on Thursday, reaching $45.87. The stock had a trading volume of 139,082 shares, compared to its average volume of 235,164. LendingTree has a 52-week low of $28.50 and a 52-week 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 company's fifty day simple moving average is $40.99 and its 200 day simple moving average is $48.49. The company has a market cap of $612.91 million, a price-to-earnings ratio of -16.99 and a beta of 2.07.

Insider Transactions at LendingTree

In other LendingTree news, CTO Scott V. Totman purchased 3,750 shares of LendingTree stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $38.59 per share, with a total value of $144,712.50. Following the completion of the transaction, the chief technology officer now owns 18,192 shares of the company's stock, valued at $702,029.28. This trade represents a 25.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas R. Lebda acquired 13,000 shares of the stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $39.72 per share, with a total value of $516,360.00. Following the purchase, the chief executive officer now owns 121,599 shares of the company's stock, 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. Company insiders own 23.40% of the company's stock.

Hedge Funds Weigh In On LendingTree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new stake in shares of LendingTree in the third quarter valued at $32,000. Point72 DIFC Ltd raised its holdings in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 499 shares in the last quarter. nVerses Capital LLC increased 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 valued at $70,000 after purchasing an additional 800 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of LendingTree in the 4th quarter valued at $54,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of LendingTree by 101.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock worth $80,000 after purchasing an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company's stock.

LendingTree Company Profile

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.