LendingTree (NASDAQ:TREE – Get Free Report) had its target price reduced by investment analysts at Needham & Company LLC from $27.00 to $17.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Needham & Company LLC’s price target points to a potential upside of 7.80% from the company’s previous close.
Separately, StockNews.com assumed coverage on shares of LendingTree in a research note on Thursday, October 5th. They set a “buy” rating for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.63.
LendingTree Stock Up 5.1 %
Insider Buying and Selling
In other LendingTree news, CEO Douglas R. Lebda sold 172,926 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $18.91, for a total value of $3,270,030.66. Following the completion of the transaction, the chief executive officer now owns 4,559 shares in the company, valued at $86,210.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.00% of the company’s stock.
Hedge Funds Weigh In On LendingTree
Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its stake in LendingTree by 59.1% in the second quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 267 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of LendingTree by 136.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,705 shares of the financial services provider’s stock valued at $36,000 after buying an additional 984 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of LendingTree in the second quarter valued at about $42,000. Point72 Middle East FZE purchased a new stake in shares of LendingTree in the fourth quarter valued at about $42,000. Finally, State of Wyoming purchased a new stake in shares of LendingTree in the second quarter valued at about $57,000. Institutional investors and hedge funds own 70.22% of the company’s stock.
LendingTree Company Profile
LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.
- Five stocks we like better than LendingTree
- What Is WallStreetBets and What Stocks Are They Targeting?
- A bullish storm is brewing for cloud stocks
- How to Effectively Use the MarketBeat Ratings Screener
- Is Extreme Networks’ forecast a sign of industry woes?
- Which Wall Street Analysts are the Most Accurate?
- Profits come after ignorance Is highest: A PayPal story
Receive News & Ratings for LendingTree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree and related companies with MarketBeat.com's FREE daily email newsletter.