LendingTree (NASDAQ:TREE) Sees Strong Trading Volume – What’s Next?

LendingTree, Inc. (NASDAQ:TREE) shares saw strong trading volume on Wednesday . 145,981 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 174,016 shares.The stock last traded at $39.01 and had previously closed at $36.56.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Needham & Company LLC upped their price target on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna raised their price objective on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods raised their target price on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Oppenheimer boosted their price target on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Performance

The company has a 50-day moving average price of $41.44 and a two-hundred day moving average price of $48.75. The company has a market capitalization of $538.27 million, a PE ratio of -14.92 and a beta of 2.06. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Activity at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Scott V. Totman purchased 3,750 shares of the company’s stock in a transaction on Friday, December 6th. The shares were purchased at an average cost of $38.59 per share, with a total value of $144,712.50. Following the transaction, the chief technology officer now directly owns 18,192 shares in the company, valued at $702,029.28. This trade represents a 25.97 % 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 insiders.

Hedge Funds Weigh In On LendingTree

A number of institutional investors and hedge funds have recently made changes to their positions in TREE. National Bank of Canada FI purchased a new position in LendingTree in the 3rd quarter worth approximately $32,000. Point72 DIFC Ltd increased 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 buying an additional 499 shares during the last quarter. nVerses Capital LLC raised its holdings in 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 purchasing an additional 800 shares during the period. CWM LLC grew its stake in shares of LendingTree by 262.1% during the 3rd 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. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of LendingTree in the third quarter worth $203,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Company Profile

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.