LendingTree, Inc. (NASDAQ:TREE) Receives $65.75 Average PT from Brokerages

Shares of LendingTree, Inc. (NASDAQ:TREE) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $65.75.

TREE has been the subject of a number of analyst reports. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Northland Securities upgraded 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. Stephens reiterated an “overweight” rating and set a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th. Finally, Keefe, Bruyette & Woods cut their price objective on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th.

Insider Transactions at LendingTree

In related news, COO Scott Peyree bought 21,045 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $41.69 per share, with a total value of $877,366.05. Following the completion of the transaction, the chief operating officer now owns 76,760 shares of the company’s stock, valued at $3,200,124.40. The trade was a 37.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

Several hedge funds and other institutional investors have recently bought and sold shares of TREE. National Bank of Canada FI acquired a new position in shares of LendingTree during the third quarter valued at about $32,000. New Age Alpha Advisors LLC bought a new stake in shares of LendingTree in the 4th quarter worth approximately $36,000. Point72 DIFC Ltd grew its holdings in shares of LendingTree by 77.0% during the 3rd 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 in the last quarter. Tower Research Capital LLC TRC increased its position in shares of LendingTree by 248.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 848 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in LendingTree in the fourth quarter worth $54,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Stock Performance

Shares of TREE stock opened at $54.95 on Wednesday. The firm has a market cap of $736.00 million, a P/E ratio of -20.35 and a beta of 2.14. 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 fifty-two week low of $33.58 and a fifty-two week high of $62.49. The stock’s 50-day moving average is $44.90 and its two-hundred day moving average is $47.08.

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.