LendingTree (NASDAQ:TREE) Upgraded at StockNews.com

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a report released on Sunday.

Several other equities analysts have also weighed in on the company. Needham & Company LLC increased their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Northland Securities increased their price objective on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Truist Financial increased their price objective on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stephens increased their price objective on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Susquehanna increased their price objective on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Stock Down 7.8 %

Shares of LendingTree stock opened at $49.82 on Friday. LendingTree has a one year low of $14.95 and a one year high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50-day moving average is $55.09 and its 200 day moving average is $49.93. The firm has a market cap of $665.69 million, a price-to-earnings ratio of -18.45 and a beta of 2.11.

Insider Transactions at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its stake in LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after purchasing an additional 22,581 shares during the last quarter. Emerald Advisers LLC grew its holdings in shares of LendingTree by 3.0% during the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock valued at $20,681,000 after buying an additional 10,497 shares during the last quarter. Renaissance Technologies LLC lifted its position in LendingTree by 25.0% during the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after purchasing an additional 58,500 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after purchasing an additional 23,995 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of LendingTree by 53.9% in the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after acquiring an additional 89,900 shares during the period. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.