Analysts Set LendingTree, Inc. (NASDAQ:TREE) PT at $64.00

LendingTree, Inc. (NASDAQ:TREE) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $64.00.

A number of research analysts have recently commented on the stock. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Sunday, November 10th. Truist Financial raised 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. Keefe, Bruyette & Woods lifted their price target on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stephens upped their price objective on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Northland Securities raised their target price on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $44.34 on Thursday. The company has a 50 day moving average of $54.85 and a 200 day moving average of $49.97. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market cap of $592.38 million, a P/E ratio of -16.42 and a beta of 2.11. LendingTree has a 12 month low of $15.10 and a 12 month high of $62.49.

Insiders Place Their Bets

In other news, 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 transaction of $29,632.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 23.40% of the stock is owned by insiders.

Institutional Investors Weigh In On LendingTree

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI bought a new stake in LendingTree during the 3rd quarter valued at $32,000. CWM LLC boosted its holdings in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares during the period. Point72 DIFC Ltd grew its stake in shares of LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 499 shares during the last quarter. nVerses Capital LLC grew its stake in shares of LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 800 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares during the period. 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.