Brokerages Set LendingTree, Inc. (NASDAQ:TREE) Target Price at $65.75

LendingTree, Inc. (NASDAQ:TREE) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $65.75.

A number of equities research analysts have weighed in on TREE shares. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Stephens restated an “overweight” rating and set a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. JPMorgan Chase & Co. upped their price target on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their target price on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th.

Insider Activity

In other LendingTree news, COO Scott Peyree purchased 9,794 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $46.13 per share, with a total value of $451,797.22. Following the completion of the transaction, the chief operating officer now owns 97,566 shares of the company’s stock, valued at approximately $4,500,719.58. This represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

A number of institutional investors have recently bought and sold shares of TREE. Asset Management One Co. Ltd. lifted its position in shares of LendingTree by 101.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,021 shares in the last quarter. Versor Investments LP purchased a new stake in LendingTree in the 4th quarter worth approximately $298,000. Proficio Capital Partners LLC acquired a new stake in shares of LendingTree during the 4th quarter valued at $899,000. Charles Schwab Investment Management Inc. grew its holdings in shares of LendingTree by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 93,483 shares of the financial services provider’s stock valued at $3,622,000 after acquiring an additional 5,277 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of LendingTree by 301.5% in the third quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock worth $1,244,000 after acquiring an additional 16,077 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Stock Down 0.7 %

TREE opened at $44.88 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $601.12 million, a PE ratio of -16.62 and a beta of 1.90. The stock’s fifty day moving average is $45.91 and its 200-day moving average is $45.97. LendingTree has a one year low of $33.58 and a one year high of $62.49.

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.