LendingTree (NASDAQ:TREE) Trading 4.3% Higher – Still a Buy?

LendingTree, Inc. (NASDAQ:TREE)’s share price traded up 4.3% during mid-day trading on Tuesday . The company traded as high as $54.48 and last traded at $54.48. 134,420 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 236,250 shares. The stock had previously closed at $52.24.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TREE. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Sunday. Susquehanna lifted their price target on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Northland Securities boosted their price objective on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Truist Financial upped their price target on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods increased 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Price Performance

The company has a market cap of $721.57 million, a PE ratio of -19.87 and a beta of 2.11. The company has a quick ratio of 1.82, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a 50-day simple moving average of $55.22 and a 200 day simple moving average of $49.82.

Insider Activity

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

Several institutional investors have recently made changes to their positions in TREE. Charles Schwab Investment Management Inc. grew its position in shares of LendingTree by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider’s stock valued at $5,119,000 after buying an additional 2,602 shares during the last quarter. Intech Investment Management LLC purchased a new stake in LendingTree in the 3rd quarter worth approximately $247,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in LendingTree by 27.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,726 shares of the financial services provider’s stock valued at $971,000 after buying an additional 3,648 shares during the last quarter. MWA Asset Management boosted its holdings in LendingTree by 30.5% in the 3rd quarter. MWA Asset Management now owns 21,728 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 5,072 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of LendingTree by 48.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,519 shares of the financial services provider’s stock worth $1,191,000 after acquiring an additional 6,727 shares during the period. 68.26% of the stock is owned by hedge funds and other institutional investors.

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.