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

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

TREE has been the topic of several analyst reports. Needham & Company LLC lifted their target price on shares of LendingTree from $67.00 to $78.00 and gave the stock 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 note on Friday, November 1st. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Keefe, Bruyette & Woods lifted 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. Finally, Truist Financial raised their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

LendingTree Trading Down 1.3 %

NASDAQ:TREE opened at $38.86 on Friday. The stock has a fifty day simple moving average of $42.38 and a 200 day simple moving average of $48.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $519.25 million, a price-to-earnings ratio of -14.39 and a beta of 2.06. LendingTree has a 1-year low of $24.55 and a 1-year high of $62.49.

Insiders Place Their Bets

In other LendingTree news, CTO Scott V. Totman purchased 3,750 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the acquisition, the chief technology officer now owns 18,192 shares of the company’s stock, valued at $702,029.28. This trade represents a 25.97 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda acquired 13,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of $39.72 per share, with a total value of $516,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at $4,829,912.28. This represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. Insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd boosted its position in LendingTree by 77.0% during 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 period. National Bank of Canada FI acquired a new stake in shares of LendingTree in the third quarter worth $32,000. nVerses Capital LLC grew its stake in 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 buying an additional 800 shares during the last quarter. CWM LLC grew its stake in 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 buying an additional 1,578 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in 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 acquiring an additional 1,742 shares during the period. Institutional investors and hedge funds 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.