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

LendingTree (NASDAQ:TREE) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other brokerages have also weighed in on TREE. Northland Capmk upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial upped their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer raised their target price on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Susquehanna boosted their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, LendingTree presently has a consensus rating of “Buy” and an average target price of $64.00.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $47.13 on Wednesday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $629.66 million, a price-to-earnings ratio of -17.46 and a beta of 2.06. The firm has a fifty day moving average price of $40.83 and a 200 day moving average price of $48.89. LendingTree has a fifty-two week low of $28.50 and a fifty-two week high of $62.49.

Insider Activity at LendingTree

In other LendingTree news, CTO Scott V. Totman purchased 3,750 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was bought at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the purchase, the chief technology officer now owns 18,192 shares in the company, valued at $702,029.28. This represents a 25.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’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 owned by corporate insiders.

Institutional Trading of LendingTree

Institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. increased its stake in LendingTree by 13.4% during the 4th quarter. Congress Asset Management Co. now owns 24,808 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 2,923 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 1,021 shares during the period. Empowered Funds LLC raised its stake in LendingTree by 4.9% in the 4th quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider’s stock worth $1,432,000 after acquiring an additional 1,728 shares during the last quarter. Hennessy Advisors Inc. lifted its position in LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock worth $9,393,000 after acquiring an additional 15,400 shares during the period. Finally, Barclays PLC grew its stake in LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 16,077 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.