LendingTree (NASDAQ:TREE) Stock Price Up 6.3% – What’s Next?

LendingTree, Inc. (NASDAQ:TREE)’s stock price traded up 6.3% during trading on Tuesday . The company traded as high as $45.58 and last traded at $45.74. 47,347 shares were traded during mid-day trading, a decline of 80% from the average session volume of 237,250 shares. The stock had previously closed at $43.02.

Analysts Set New Price Targets

Several research firms recently commented on TREE. Stephens reiterated an “overweight” rating and issued a $69.00 target price on shares of LendingTree in a research note on Thursday, March 6th. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Needham & Company LLC dropped their price objective on LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $65.75.

LendingTree Trading Up 0.4 %

The company has a market capitalization of $607.85 million, a PE ratio of -16.99 and a beta of 1.90. 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 business’s 50-day simple moving average is $45.93 and its two-hundred day simple moving average is $46.06.

Insiders Place Their Bets

In other news, COO Scott Peyree acquired 21,045 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $41.69 per share, with a total value of $877,366.05. Following the completion of the acquisition, the chief operating officer now directly owns 76,760 shares in the company, valued at $3,200,124.40. This represents a 37.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. National Bank of Canada FI bought a new position in LendingTree during the third quarter worth $32,000. New Age Alpha Advisors LLC bought a new position in shares of LendingTree in the 4th quarter worth about $36,000. Tower Research Capital LLC TRC lifted its position in shares of LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after buying an additional 848 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of LendingTree in the 4th quarter valued at about $54,000. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in LendingTree during the fourth quarter worth about $56,000. Institutional investors and hedge funds 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.