LendingTree, Inc. (NASDAQ:TREE - Get Free Report) CTO Scott V. Totman purchased 3,750 shares of LendingTree stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of $38.59 per share, with a total value of $144,712.50. Following the acquisition, the chief technology officer now directly owns 18,192 shares of the company's stock, valued at $702,029.28. This trade represents a 25.97 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
LendingTree Price Performance
Shares of TREE opened at $41.11 on Tuesday. The stock has a market cap of $549.23 million, a P/E ratio of -15.23 and a beta of 2.03. The business's fifty day moving average is $50.25 and its 200 day moving average is $49.47. LendingTree, Inc. has a 12-month low of $22.25 and a 12-month high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.
Analyst Upgrades and Downgrades
Several equities analysts have commented on TREE shares. Oppenheimer upped their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Needham & Company LLC raised their price target on LendingTree from $67.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Susquehanna upped their target price on LendingTree from $50.00 to $58.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Truist Financial lifted their price target on shares of LendingTree from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, StockNews.com lowered LendingTree from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, LendingTree currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.
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Check Out Our Latest Analysis on TREE
Hedge Funds Weigh In On LendingTree
Several large investors have recently added to or reduced their stakes in TREE. Hennessy Advisors Inc. bought a new stake in shares of LendingTree in the 2nd quarter worth $8,380,000. Lisanti Capital Growth LLC bought a new stake in LendingTree in the third quarter worth about $3,651,000. Renaissance Technologies LLC boosted its stake in LendingTree by 25.0% in the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider's stock valued at $12,182,000 after acquiring an additional 58,500 shares during the last quarter. Walleye Capital LLC grew its position in shares of LendingTree by 118.0% during the 3rd quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider's stock valued at $451,000 after acquiring an additional 50,910 shares during the period. Finally, ClariVest Asset Management LLC purchased a new stake in shares of LendingTree during the 2nd quarter worth approximately $1,360,000. Institutional investors own 68.26% of the company's stock.
About LendingTree
(
Get Free Report)
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.
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