LendingTree, Inc. (NASDAQ:TREE) Receives $64.00 Average Target Price from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $64.00.

A number of equities research analysts have issued reports on TREE shares. Susquehanna lifted their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Truist Financial boosted their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer upped their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC lifted their price target on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com lowered shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th.

LendingTree Stock Performance

TREE stock opened at $39.99 on Friday. The firm has a 50 day simple moving average of $43.66 and a 200 day simple moving average of $48.94. LendingTree has a 52 week low of $24.55 and a 52 week high of $62.49. The stock has a market cap of $534.35 million, a P/E ratio of -14.81 and a beta of 2.06. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Transactions at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. Also, CTO Scott V. Totman acquired 3,750 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $38.59 per share, with a total value of $144,712.50. Following the transaction, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at $702,029.28. The trade was a 25.97 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

A number of hedge funds have recently modified their holdings of TREE. Point72 DIFC Ltd increased its stake in LendingTree by 77.0% in the third 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 period. National Bank of Canada FI acquired a new stake in LendingTree during the third quarter valued at approximately $32,000. nVerses Capital LLC boosted its holdings in LendingTree by 200.0% during the third 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 in the last quarter. CWM LLC grew its stake in shares of LendingTree by 262.1% in the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,578 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of LendingTree by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock worth $2,044,000 after buying an additional 1,742 shares in the last quarter. 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.