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

LendingTree (NASDAQ:TREE) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Several other research firms have also commented on TREE. Oppenheimer lifted their price target on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC raised their price objective on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods raised their price objective on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial raised their price objective on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Susquehanna raised their price objective on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Trading Up 0.3 %

TREE traded up $0.15 on Wednesday, hitting $43.85. The company had a trading volume of 151,231 shares, compared to its average volume of 241,140. The company has a market cap of $585.84 million, a PE ratio of -16.24 and a beta of 2.11. LendingTree has a 12-month low of $15.95 and a 12-month high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The business’s fifty day simple moving average is $52.98 and its 200 day simple moving average is $49.72.

Insider Activity at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree 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 SEC, which is available through this link. 23.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LendingTree

Large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System acquired a new position in LendingTree during the first quarter valued at $339,000. Price T Rowe Associates Inc. MD lifted its position in LendingTree by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 295 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of LendingTree by 697.5% in the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 11,049 shares during the period. CWM LLC raised its position in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of LendingTree by 297.2% in the second quarter. SG Americas Securities LLC now owns 11,797 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 8,827 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.