Lisanti Capital Growth LLC Makes New Investment in LendingTree, Inc. (NASDAQ:TREE)

Lisanti Capital Growth LLC acquired a new stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 62,910 shares of the financial services provider's stock, valued at approximately $3,651,000. Lisanti Capital Growth LLC owned about 0.47% of LendingTree as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of LendingTree by 5.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider's stock worth $1,435,000 after acquiring an additional 1,605 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of LendingTree by 7.9% during the 1st quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider's stock worth $1,318,000 after buying an additional 2,275 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of LendingTree by 185.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider's stock worth $840,000 after buying an additional 12,889 shares during the period. Headlands Technologies LLC increased its stake in shares of LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 270 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of LendingTree during the 1st quarter valued at $339,000. Institutional investors own 68.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of LendingTree from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Needham & Company LLC upped their price target on LendingTree from $67.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Oppenheimer raised their price objective on LendingTree from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Northland Securities increased their target price on LendingTree from $50.00 to $60.00 and gave the stock a "market perform" rating in a report on Friday, July 26th. Finally, StockNews.com upgraded shares of LendingTree from a "hold" rating to a "buy" rating in a report on Sunday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $64.00.

LendingTree Stock Up 9.5 %

LendingTree stock traded up $4.50 during midday trading on Monday, hitting $51.92. 346,523 shares of the stock were exchanged, compared to its average volume of 236,375. The company has a quick ratio of 1.82, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $693.65 million, a price-to-earnings ratio of -19.23 and a beta of 2.11. The business's 50-day moving average price is $55.33 and its 200-day moving average price is $49.71. LendingTree, Inc. has a 52-week low of $13.87 and a 52-week high of $62.49.

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.