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

Shares of LendingTree, Inc. (NASDAQ:TREE) have been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $64.00.

Several equities analysts have recently commented on TREE shares. Susquehanna increased 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. Truist Financial lifted their target price on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st.

Insider Buying and Selling

In other LendingTree news, CTO Scott V. Totman purchased 3,750 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $38.59 per share, with a total value 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 trade represents a 25.97 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas R. Lebda acquired 13,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the purchase, the chief executive officer now owns 121,599 shares of the company’s stock, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

Hedge Funds Weigh In On LendingTree

Several large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund lifted its stake in shares of LendingTree by 75.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,707 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 2,017 shares during the period. Congress Asset Management Co. raised its holdings in LendingTree by 13.4% during the fourth quarter. Congress Asset Management Co. now owns 24,808 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 2,923 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in LendingTree by 101.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,021 shares during the period. Empowered Funds LLC boosted its stake in LendingTree by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider’s stock valued at $1,432,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its position in shares of LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock valued at $9,393,000 after purchasing an additional 15,400 shares during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Trading Down 4.7 %

NASDAQ TREE opened at $44.93 on Tuesday. The company has a market capitalization of $600.26 million, a price-to-earnings ratio of -16.64 and a beta of 2.06. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. LendingTree has a 12 month low of $28.50 and a 12 month high of $62.49. The company’s fifty day moving average price is $40.92 and its two-hundred day moving average price is $48.81.

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.