LendingTree (NASDAQ:TREE) Upgraded at StockNews.com

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Several other analysts have also recently commented on TREE. Needham & Company LLC raised their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer lifted their target price on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Northland Securities lifted their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Susquehanna lifted their target price on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Stephens lifted their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Stock Down 7.8 %

Shares of NASDAQ:TREE opened at $49.82 on Friday. The company has a market cap of $665.69 million, a price-to-earnings ratio of -18.45 and a beta of 2.11. The firm’s 50-day simple moving average is $55.09 and its 200-day simple moving average is $49.93. 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 fifty-two week low of $14.95 and a fifty-two week high of $62.49.

Insider Transactions at LendingTree

In other news, 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 transaction of $29,632.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Institutional investors have recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC grew its holdings in LendingTree by 185.2% in the first quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 12,889 shares during the period. Public Employees Retirement System of Ohio grew its stake in LendingTree by 697.5% during 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 buying an additional 11,049 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 23,995 shares during the period. Lisanti Capital Growth LLC purchased a new stake in LendingTree during the third quarter worth approximately $3,651,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in LendingTree by 6.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after buying an additional 22,581 shares during the period. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

LendingTree Company Profile

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.