LendingTree (NASDAQ:TREE) Rating Lowered to Buy at StockNews.com

LendingTree (NASDAQ:TREE - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods reduced their price objective on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Tuesday, January 21st. Northland Capmk raised LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Stephens reiterated an "overweight" rating and set a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $65.75.

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LendingTree Stock Down 3.0 %

Shares of NASDAQ TREE traded down $1.27 during mid-day trading on Tuesday, reaching $41.02. The company had a trading volume of 277,335 shares, compared to its average volume of 238,198. The stock has a fifty day moving average of $45.98 and a two-hundred day moving average of $46.16. LendingTree has a 12-month low of $33.58 and a 12-month high of $62.49. The company has a market capitalization of $549.42 million, a price-to-earnings ratio of -15.19 and a beta of 1.90. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Activity at LendingTree

In related news, COO Scott Peyree purchased 9,794 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the acquisition, the chief operating officer now directly owns 97,566 shares in the company, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.40% of the stock is owned by company insiders.

Institutional Trading of LendingTree

Large investors have recently modified their holdings of the company. National Bank of Canada FI acquired a new position in LendingTree during the 3rd quarter worth $32,000. New Age Alpha Advisors LLC bought a new stake in LendingTree during the 4th quarter valued at approximately $36,000. Tower Research Capital LLC TRC grew its holdings in 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 last quarter. Wealthfront Advisers LLC bought a new position in LendingTree in the 4th quarter worth approximately $54,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in LendingTree in the 4th quarter worth approximately $56,000. 68.26% of the stock is owned by institutional investors.

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.