LendingTree (NASDAQ:TREE) Trading Down 5.3% – What’s Next?

LendingTree, Inc. (NASDAQ:TREE) was down 5.3% during trading on Tuesday . The stock traded as low as $46.66 and last traded at $46.70. Approximately 23,852 shares traded hands during trading, a decline of 90% from the average daily volume of 251,020 shares. The stock had previously closed at $49.32.

Wall Street Analysts Forecast Growth

TREE has been the subject of a number of research analyst reports. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Tuesday, January 21st. Needham & Company LLC upped their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lifted their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Trading Down 4.7 %

The firm has a market cap of $628.25 million, a price-to-earnings ratio of -17.40 and a beta of 2.06. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The business has a 50 day moving average price of $40.58 and a 200-day moving average price of $48.88.

Insider Activity

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Scott V. Totman bought 3,750 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the purchase, the chief technology officer now owns 18,192 shares in the company, valued at approximately $702,029.28. This represents a 25.97 % increase in their position. The disclosure for this purchase can be found here. Insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

Institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in shares of LendingTree during the 3rd quarter valued at approximately $32,000. Point72 DIFC Ltd lifted its position in shares of LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after buying an additional 499 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of LendingTree by 200.0% in the 3rd 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. CWM LLC grew its position in shares of LendingTree by 262.1% during the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,578 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in LendingTree during the third quarter worth about $203,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.