LendingTree, Inc. (NASDAQ:TREE) Short Interest Update

LendingTree, Inc. (NASDAQ:TREE) saw a significant growth in short interest in the month of 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. Approximately 7.8% of the company’s shares are short sold. Based on an average daily volume of 240,300 shares, the days-to-cover ratio is currently 3.5 days.

Insider Buying and Selling at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction on 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 filing with the SEC, which is available at this link. Company insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in shares of LendingTree during the 3rd quarter worth about $32,000. CWM LLC boosted its position in shares of LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares in the last quarter. Point72 DIFC Ltd boosted its position in shares of LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 499 shares in the last quarter. nVerses Capital LLC boosted its position in shares of LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 800 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of LendingTree during the 2nd quarter worth about $132,000. 68.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TREE shares. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer lifted their price objective on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial lifted their price objective on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Susquehanna lifted 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. Finally, Needham & Company LLC lifted their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Stock Up 0.8 %

TREE traded up $0.36 on Friday, hitting $44.21. 137,503 shares of the company were exchanged, compared to its average volume of 240,692. LendingTree has a twelve month low of $17.21 and a twelve month high of $62.49. The company has a market cap of $590.73 million, a price-to-earnings ratio of -16.37 and a beta of 2.11. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a 50-day moving average price of $52.34 and a two-hundred day moving average price of $49.65.

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.