LendingTree, Inc. (NASDAQ:TREE) Short Interest Update

LendingTree, Inc. (NASDAQ:TREE) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 678,300 shares, a decrease of 42.0% from the December 31st total of 1,170,000 shares. Based on an average daily trading volume, of 312,800 shares, the short-interest ratio is presently 2.2 days. Currently, 6.2% of the company’s stock are sold short.

LendingTree Stock Performance

LendingTree stock traded down $2.20 during trading on Friday, reaching $44.93. The company had a trading volume of 165,335 shares, compared to its average volume of 262,747. LendingTree has a 52 week low of $28.50 and a 52 week high of $62.49. The firm’s 50-day simple moving average is $40.83 and its 200 day simple moving average is $48.89. The firm has a market capitalization of $600.26 million, a price-to-earnings ratio of -16.64 and a beta of 2.06. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Buying and Selling

In related news, CTO Scott V. Totman purchased 3,750 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the purchase, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. This represents a 25.97 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 564 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LendingTree

Institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new position in LendingTree in the 3rd quarter worth $32,000. Point72 DIFC Ltd raised its holdings in LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 499 shares during the period. nVerses Capital LLC raised its holdings in LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 800 shares during the period. Asset Management One Co. Ltd. raised its holdings in LendingTree by 101.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 1,021 shares during the period. Finally, CWM LLC raised its holdings in LendingTree by 262.1% during the third quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,578 shares during the period. 68.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on TREE shares. Keefe, Bruyette & Woods increased their target price on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial increased their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC increased their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $64.00.

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.