LendingTree (NASDAQ:TREE) Upgraded to "Buy" at StockNews.com

LendingTree (NASDAQ:TREE - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Friday.

Other equities research analysts have also issued reports about the company. Susquehanna lifted 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 company an "outperform" rating in a report on Friday, November 1st. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Truist Financial lifted their price target on LendingTree from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Needham & Company LLC lifted their price target on LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $64.00.

LendingTree Stock Up 1.7 %

Shares of LendingTree stock traded up $0.79 during trading on Friday, hitting $46.97. 140,556 shares of the stock traded hands, compared to its average volume of 250,407. The stock has a market cap of $627.52 million, a P/E ratio of -17.40 and a beta of 2.07. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree has a twelve month low of $28.50 and a twelve month high of $62.49. The company has a fifty day moving average price of $41.74 and a two-hundred day moving average price of $48.21.

Insider Buying and Selling

In other LendingTree news, CEO Douglas R. Lebda purchased 13,000 shares of the company's stock in a transaction on Friday, December 6th. The shares were bought at an average cost of $39.72 per share, with a total value of $516,360.00. Following the transaction, the chief executive officer now directly owns 121,599 shares in the company, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Scott V. Totman purchased 3,750 shares of the company's stock in a transaction on Friday, December 6th. The stock was acquired at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the transaction, the chief technology officer now owns 18,192 shares in the company, valued at approximately $702,029.28. This trade represents a 25.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in LendingTree by 63.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,490 shares of the financial services provider's stock worth $561,000 after buying an additional 5,603 shares during the period. Squarepoint Ops LLC increased its position in LendingTree by 2,074.7% in the 4th quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider's stock worth $4,185,000 after buying an additional 103,032 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of LendingTree during the fourth quarter valued at approximately $409,000. Point72 Asset Management L.P. bought a new stake in shares of LendingTree during the fourth quarter valued at approximately $326,000. Finally, Man Group plc bought a new stake in shares of LendingTree during the fourth quarter valued at approximately $324,000. 68.26% of the stock is owned by institutional investors.

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.