LendingTree (NASDAQ:TREE) Price Target Increased to $60.00 by Analysts at Northland Securities

LendingTree (NASDAQ:TREE) had its target price raised by Northland Securities from $50.00 to $60.00 in a research report released on Friday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. Truist Financial increased their price target on shares of LendingTree from $55.00 to $60.00 and gave the company a buy rating in a research report on Friday. Oppenheimer raised their target price on shares of LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of LendingTree from a hold rating to a buy rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods increased their price objective on shares of LendingTree from $45.00 to $60.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC upped their target price on LendingTree from $56.00 to $67.00 and gave the stock a buy rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, LendingTree currently has an average rating of Moderate Buy and an average target price of $55.63.

LendingTree Trading Up 1.8 %

Shares of NASDAQ:TREE opened at $55.72 on Friday. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 4.80. The company has a 50 day moving average of $44.77 and a 200-day moving average of $40.22. LendingTree has a one year low of $10.12 and a one year high of $59.00.

LendingTree (NASDAQ:TREE) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.36. LendingTree had a negative net margin of 19.02% and a negative return on equity of 3.15%. The company had revenue of $167.80 million during the quarter, compared to analysts’ expectations of $164.03 million. On average, sell-side analysts anticipate that LendingTree will post -0.01 EPS for the current fiscal year.

Insider Activity at LendingTree

In other LendingTree news, CFO Trent Ziegler sold 8,750 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.30, for a total transaction of $431,375.00. Following the completion of the sale, the chief financial officer now directly owns 5 shares in the company, valued at $246.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Gabriel Dalporto sold 1,442 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.17, for a total value of $72,345.14. Following the transaction, the director now directly owns 4,478 shares in the company, valued at $224,661.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Trent Ziegler sold 8,750 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.30, for a total transaction of $431,375.00. Following the transaction, the chief financial officer now owns 5 shares in the company, valued at approximately $246.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,802 shares of company stock worth $673,219. Insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Hedge funds and other institutional investors have recently made changes to their positions in the business. Shenkman Capital Management Inc. increased its stake in LendingTree by 186.2% during the 4th quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock worth $10,413,000 after acquiring an additional 223,440 shares during the period. Alta Park Capital LP bought a new stake in LendingTree during the fourth quarter worth about $2,297,000. Susquehanna Fundamental Investments LLC grew its stake in LendingTree by 185.2% during the first 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in LendingTree in the 4th quarter valued at about $1,240,000. Finally, Blue Grotto Capital LLC acquired a new position in shares of LendingTree in the 4th quarter valued at approximately $4,930,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.