LendingTree, Inc. (NASDAQ:TREE - Get Free Report) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 315,600 shares, a growth of 55.5% from the October 15th total of 202,900 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily volume of 218,900 shares, the short-interest ratio is currently 1.4 days.
Insider Transactions at LendingTree
In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm'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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.40% of the company's stock.
Institutional Investors Weigh In On LendingTree
A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in LendingTree by 7.9% during the first quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider's stock valued at $1,318,000 after buying an additional 2,275 shares during the last quarter. Headlands Technologies LLC grew its position in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 270 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in LendingTree in the 1st quarter worth about $339,000. Acadian Asset Management LLC raised its stake in shares of LendingTree by 53.9% during the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider's stock valued at $10,868,000 after acquiring an additional 89,900 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of LendingTree by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider's stock worth $697,000 after buying an additional 295 shares during the period. Hedge funds and other institutional investors own 68.26% of the company's stock.
LendingTree Stock Performance
Shares of LendingTree stock traded down $1.37 on Thursday, hitting $48.45. 216,626 shares of the company's stock were exchanged, compared to its average volume of 238,125. LendingTree has a 1 year low of $15.10 and a 1 year high of $62.49. The company has a 50-day simple moving average of $55.09 and a 200-day simple moving average of $49.93. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $647.39 million, a PE ratio of -17.93 and a beta of 2.11.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Oppenheimer lifted their target price on shares of LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. StockNews.com raised shares of LendingTree from a "hold" rating to a "buy" rating in a research report on Sunday. Stephens upped their price objective on shares of LendingTree from $55.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, July 29th. Keefe, Bruyette & Woods lifted their target price on shares of LendingTree from $71.00 to $73.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Northland Securities increased their price objective on shares of LendingTree from $50.00 to $60.00 and gave the company a "market perform" rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, LendingTree has a consensus rating of "Moderate Buy" and an average price target of $64.00.
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LendingTree Company Profile
(
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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.
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