Stock analysts at Northland Securities began coverage on shares of Lendingtree Inc (NASDAQ:TREE) in a research note issued to investors on Monday, The Fly reports. The firm set an “outperform” rating on the stock.

Lendingtree (NASDAQ:TREE) opened at 73.69 on Monday. Lendingtree has a 52 week low of $39.80 and a 52 week high of $139.59. The firm has a market capitalization of $850.38 million and a price-to-earnings ratio of 28.19. The firm has a 50-day moving average price of $82.85 and a 200 day moving average price of $99.81.

Several hedge funds have bought and sold shares of TREE. Capital Impact Advisors acquired a new stake in Lendingtree during the fourth quarter worth approximately $620,000. Cabot Wealth Management acquired a new stake in Lendingtree during the fourth quarter worth approximately $3,466,000. Meeder Asset Management raised its stake in Lendingtree by 207.4% in the fourth quarter. Meeder Asset Management now owns 12,965 shares of the company’s stock worth $1,158,000 after buying an additional 8,747 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in Lendingtree by 18.5% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 324,332 shares of the company’s stock worth $28,956,000 after buying an additional 50,700 shares during the last quarter. Finally, Emerald Advisers Inc. PA raised its stake in Lendingtree by 14.7% in the fourth quarter. Emerald Advisers Inc. PA now owns 282,856 shares of the company’s stock worth $25,253,000 after buying an additional 36,253 shares during the last quarter.

TREE has been the subject of a number of other research reports. Needham & Company LLC restated a “buy” rating on shares of Lendingtree in a research note on Tuesday, December 29th. Zacks Investment Research cut Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. SunTrust began coverage on Lendingtree in a research note on Monday, November 9th. They set a “buy” rating and a $150.00 price objective for the company. RBC Capital began coverage on Lendingtree in a research note on Monday, November 9th. They set an “outperform” rating and a $150.00 price objective for the company. Finally, BWS Financial lifted their price objective on Lendingtree from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, October 26th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Lendingtree presently has an average rating of “Buy” and a consensus target price of $142.37.

In other Lendingtree news, CEO Douglas R. Lebda sold 125,000 shares of Lendingtree stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $115.00, for a total value of $14,375,000.00. Following the completion of the sale, the chief executive officer now owns 1,705,069 shares of the company’s stock, valued at approximately $196,082,935. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

LendingTree, Inc. (NASDAQ:TREE), formerly Tree.com, Inc. is engaged in operating an online loan marketplace for consumers an array of loan types and other credit-based offerings. The Company offers consumers tools and resources, including free credit scores, which help them to comparison-shop for mortgage loans, home equity loans and lines of credit, reverse mortgages, personal loans, auto loans, student loans, credit cards, small business loans and other related offerings. And, upon submitting their relevant information to the Company through an inquiry form, it seeks to match in-market consumers with multiple lenders on its marketplace. The Company operates in four segments: lending, auto, education and home services. It provides information and tools, including free credit scores located on its various Websites. In addition, the Company provides consumers with access to offers from multiple lenders.

12 Month Chart for NASDAQ:TREE

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