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

StockNews.com lowered shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Several other equities analysts have also recently commented on the stock. Needham & Company LLC boosted their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer boosted their target price on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods boosted their target price on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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 report on Friday, November 1st. Finally, Susquehanna lifted their price target on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LendingTree has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $43.85 on Wednesday. The firm has a 50 day moving average of $52.98 and a 200-day moving average of $49.72. The stock has a market capitalization of $585.84 million, a PE ratio of -16.24 and a beta of 2.11. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a 12 month low of $15.95 and a 12 month high of $62.49.

Insiders Place Their Bets

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

A number of institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI bought a new stake in shares of LendingTree in the 3rd quarter valued at $32,000. CWM LLC boosted its stake in shares of LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares during the last quarter. Point72 DIFC Ltd boosted its stake in shares of LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 499 shares during the last quarter. nVerses Capital LLC boosted its stake 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. Finally, Quest Partners LLC bought a new stake in shares of LendingTree in the 2nd quarter valued at $132,000. 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.