StockNews.com Downgrades LendingTree (NASDAQ:TREE) to Hold

StockNews.com cut shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

TREE has been the topic of a number of other research reports. Keefe, Bruyette & Woods boosted their target price on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Susquehanna boosted their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” 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 report on Friday, November 1st. Needham & Company LLC upped their price objective on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial upped their price objective on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Stock Up 0.3 %

LendingTree stock opened at $43.85 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a 12-month low of $15.95 and a 12-month high of $62.49. The firm’s fifty day moving average is $52.98 and its 200 day moving average is $49.72. The company has a market capitalization of $585.84 million, a PE ratio of -16.24 and a beta of 2.11.

Insider Transactions at LendingTree

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

Institutional Trading of LendingTree

Several institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of LendingTree by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 295 shares in the last quarter. CWM LLC grew its position in LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 420 shares during the period. Point72 DIFC Ltd grew 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 valued at $67,000 after buying an additional 499 shares during the period. National Bank of Canada FI bought a new position in LendingTree during the third quarter valued at about $32,000. Finally, nVerses Capital LLC grew its position in LendingTree by 200.0% during the third 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 period. Institutional investors 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.