LendingTree (NASDAQ:TREE) Upgraded at Northland Securities

Northland Securities upgraded shares of LendingTree (NASDAQ:TREE) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage currently has $60.00 target price on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on TREE. Needham & Company LLC boosted their target price on 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 boosted their price objective on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Susquehanna lifted their price target 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. Finally, Oppenheimer upped their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, LendingTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Down 1.8 %

Shares of NASDAQ TREE opened at $42.51 on Tuesday. The business has a 50-day moving average of $40.76 and a two-hundred day moving average of $48.82. The company has a market capitalization of $567.93 million, a price-to-earnings ratio of -15.74 and a beta of 2.06. LendingTree has a 1 year low of $28.50 and a 1 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.

Insider Activity

In other news, CTO Scott V. Totman bought 3,750 shares of LendingTree stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the purchase, the chief technology officer now owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. The trade was a 25.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in LendingTree during the third quarter worth about $32,000. Point72 DIFC Ltd grew its holdings in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 499 shares during the last quarter. nVerses Capital LLC raised its stake in shares of LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after buying an additional 800 shares during the last quarter. CWM LLC boosted 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 worth $127,000 after buying an additional 1,578 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in LendingTree in the 3rd quarter valued at about $203,000. Hedge funds and other 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.