LendingTree (NASDAQ:TREE) Lowered to Hold Rating by StockNews.com

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

A number of other brokerages have also recently issued reports on TREE. Keefe, Bruyette & Woods boosted their price objective on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial boosted their price target on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna upped their price objective 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. Northland Capmk upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Price Performance

Shares of TREE opened at $45.41 on Thursday. The stock has a market cap of $606.77 million, a P/E ratio of -16.82 and a beta of 2.07. LendingTree has a 1 year low of $28.50 and a 1 year high of $62.49. The stock’s 50-day moving average price is $40.92 and its two-hundred day moving average price is $48.64. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Buying and Selling

In other LendingTree news, CTO Scott V. Totman acquired 3,750 shares of LendingTree stock in a transaction dated Friday, December 6th. The stock was bought at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the purchase, the chief technology officer now directly owns 18,192 shares in the company, valued at approximately $702,029.28. This represents a 25.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree 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 disclosure for this sale can be found here. 23.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Point72 DIFC Ltd raised its stake 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. National Bank of Canada FI acquired a new position in LendingTree during the third quarter worth $32,000. nVerses Capital LLC raised 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 worth $70,000 after acquiring an additional 800 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake 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 valued at $80,000 after acquiring an additional 1,021 shares during the last quarter. Finally, CWM LLC grew its position in shares of LendingTree by 262.1% in the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,578 shares during the period. 68.26% of the stock is owned by institutional investors and hedge funds.

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.