LendingTree (NASDAQ:TREE) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a report issued on Wednesday.

Several other equities analysts have also recently issued reports on the stock. Susquehanna lifted their price objective on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Truist Financial upped 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. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their target price on LendingTree from $71.00 to $73.00 and gave the company an “outperform” 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 stock a “buy” rating in a research note on Friday, November 1st. One equities 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 company. According to data from MarketBeat.com, LendingTree presently has an average rating of “Buy” and a consensus price target of $64.00.

LendingTree Stock Performance

Shares of TREE stock opened at $45.92 on Wednesday. The stock has a 50-day simple moving average of $40.83 and a 200 day simple moving average of $48.89. LendingTree has a fifty-two week low of $28.50 and a fifty-two week high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Buying and Selling

In other news, CTO Scott V. Totman bought 3,750 shares of the stock in a transaction on Friday, December 6th. The shares were purchased at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the purchase, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at $702,029.28. This trade represents a 25.97 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. National Bank of Canada FI acquired a new position in LendingTree during the third quarter worth $32,000. Point72 DIFC Ltd increased its holdings in shares of LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 499 shares during the last quarter. nVerses Capital LLC raised 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 acquiring an additional 800 shares in the last quarter. CWM LLC boosted its position in LendingTree by 262.1% during the third quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,578 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in LendingTree during the third quarter valued at approximately $203,000. Institutional investors own 68.26% of the company’s stock.

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.