LendingTree (NASDAQ:TREE) Trading Up 9.4% – Should You Buy?

LendingTree, Inc. (NASDAQ:TREE) was up 9.4% during trading on Wednesday . The stock traded as high as $44.38 and last traded at $45.02. Approximately 131,853 shares were traded during trading, a decline of 43% from the average daily volume of 230,552 shares. The stock had previously closed at $41.15.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TREE. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Tuesday, January 21st. StockNews.com raised LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, Stephens reissued an “overweight” rating and set a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, LendingTree has a consensus rating of “Buy” and an average target price of $65.75.

LendingTree Stock Up 11.4 %

The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a 50 day simple moving average of $42.50 and a 200 day simple moving average of $47.50. The firm has a market capitalization of $612.38 million, a PE ratio of -16.97 and a beta of 2.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd increased its position in LendingTree by 77.0% during the 3rd 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 period. National Bank of Canada FI bought a new position in LendingTree in the 3rd quarter worth about $32,000. Nuveen Asset Management LLC grew its holdings in shares of LendingTree by 0.9% during the fourth quarter. Nuveen Asset Management LLC now owns 75,564 shares of the financial services provider’s stock valued at $2,928,000 after buying an additional 689 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 848 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in LendingTree in the 4th quarter worth about $36,000. Institutional investors own 68.26% of the company’s stock.

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.