LendingTree (NASDAQ:TREE) Stock Price Down 8.8% - What's Next?

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) fell 8.8% during trading on Friday . The company traded as low as $44.14 and last traded at $44.18. 248,949 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 238,177 shares. The stock had previously closed at $48.45.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of LendingTree from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. StockNews.com upgraded shares of LendingTree from a "hold" rating to a "buy" rating in a research report on Sunday, November 10th. Needham & Company LLC lifted their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Oppenheimer upped their target price on LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Northland Securities raised their price objective on LendingTree from $50.00 to $60.00 and gave the company a "market perform" rating in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

LendingTree Price Performance

The business has a fifty day simple moving average of $54.85 and a 200-day simple moving average of $49.97. The stock has a market capitalization of $592.38 million, a P/E ratio of -16.42 and a beta of 2.11. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Activity

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TREE. Public Employees Retirement System of Ohio grew its stake in LendingTree by 697.5% during the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider's stock valued at $535,000 after acquiring an additional 11,049 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of LendingTree in the third quarter worth $3,651,000. Emerald Mutual Fund Advisers Trust boosted its stake in LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider's stock valued at $11,676,000 after buying an additional 23,995 shares during the period. Jacobs Levy Equity Management Inc. grew its position in LendingTree by 6.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider's stock worth $15,419,000 after buying an additional 22,581 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in LendingTree by 53.9% in the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider's stock worth $10,868,000 after acquiring an additional 89,900 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company's stock.

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.