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

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

Analyst Ratings Changes

Several research firms recently commented on TREE. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Tuesday, January 21st. Needham & Company LLC upped their price objective on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Truist Financial upped their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Northland Capmk upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Susquehanna upped their price objective on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. 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’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $64.00.

Insider Activity at LendingTree

In other LendingTree news, CTO Scott V. Totman bought 3,750 shares of LendingTree stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the completion of the transaction, the chief technology officer now directly owns 18,192 shares in the company, valued at $702,029.28. This represents a 25.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas R. Lebda bought 13,000 shares of LendingTree stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of $39.72 per share, with a total value of $516,360.00. Following the completion of the transaction, the chief executive officer now owns 121,599 shares of the company’s stock, valued at $4,829,912.28. This represents a 11.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI bought a new position in LendingTree during the 3rd quarter valued at approximately $32,000. Point72 DIFC Ltd raised its position in shares of LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 499 shares in the last quarter. nVerses Capital LLC raised its position in shares of LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 800 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,021 shares in the last quarter. Finally, CWM LLC raised its position in shares of LendingTree by 262.1% in the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,578 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

LendingTree Trading Down 4.7 %

Shares of NASDAQ TREE traded down $2.20 during midday 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 one year low of $28.50 and a one year 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. The firm’s fifty day moving average price is $40.83 and its 200-day moving average price is $48.89. The stock has a market cap of $600.26 million, a PE ratio of -16.64 and a beta of 2.06.

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.