Short Interest in LendingTree, Inc. (NASDAQ:TREE) Grows By 55.5%

LendingTree, Inc. (NASDAQ:TREE) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 315,600 shares, an increase of 55.5% from the October 15th total of 202,900 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily volume of 218,900 shares, the days-to-cover ratio is presently 1.4 days.

Insider Transactions at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. Headlands Technologies LLC lifted its stake 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 purchasing an additional 270 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of LendingTree by 1.8% during 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 acquiring an additional 295 shares during the last quarter. CWM LLC lifted its holdings in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares during the last quarter. Point72 DIFC Ltd increased its holdings in shares of 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. Finally, National Bank of Canada FI acquired a new position in shares of LendingTree in the third quarter valued at $32,000. Institutional investors own 68.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TREE shares. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research note on Sunday, November 10th. Susquehanna raised their price objective on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Oppenheimer boosted their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Truist Financial lifted their price target on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods increased their price objective on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Stock Down 8.5 %

TREE traded down $4.11 on Friday, hitting $44.34. 425,366 shares of the company were exchanged, compared to its average volume of 238,969. 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’s fifty day moving average is $55.00 and its 200-day moving average is $49.92. The company has a market cap of $592.38 million, a PE ratio of -16.42 and a beta of 2.11. LendingTree has a 12 month low of $15.10 and a 12 month high of $62.49.

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.