LendingTree, Inc. (NASDAQ:TREE) Sees Significant Increase in Short Interest

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 848,200 shares, a growth of 168.8% from the October 31st total of 315,600 shares. Currently, 7.8% of the shares of the stock are sold short. Based on an average daily volume of 240,300 shares, the short-interest ratio is presently 3.5 days.

LendingTree Trading Up 0.3 %

LendingTree stock traded up $0.15 during trading hours on Thursday, reaching $43.85. 151,497 shares of the company's stock traded hands, compared to its average volume of 241,140. The firm has a market capitalization of $585.84 million, a price-to-earnings ratio of -16.24 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. LendingTree has a fifty-two week low of $15.95 and a fifty-two week high of $62.49. The firm's 50 day moving average is $52.98 and its 200-day moving average is $49.72.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target 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. Susquehanna raised their price target on LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a report on Friday, November 1st. StockNews.com lowered LendingTree from a "buy" rating to a "hold" rating in a research note on Wednesday. Oppenheimer raised their target price on LendingTree from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Truist Financial upped their price target 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $64.00.

Insider Buying and Selling

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the company's stock in a transaction dated Monday, November 11th. The shares were 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 SEC, which is available at this hyperlink. Company insiders own 23.40% of the company's stock.

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI acquired a new stake in LendingTree during the 3rd quarter worth $32,000. CWM LLC grew its stake in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider's stock worth $25,000 after purchasing an additional 420 shares during the period. Point72 DIFC Ltd increased its holdings in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 499 shares during the last quarter. nVerses Capital LLC lifted its stake in LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock valued at $70,000 after buying an additional 800 shares during the period. Finally, Quest Partners LLC acquired a new position in LendingTree in the second quarter valued at about $132,000. 68.26% of the stock is owned by institutional investors.

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.