Short Interest in LendingTree, Inc. (NASDAQ:TREE) Increases By 168.8%

LendingTree, Inc. (NASDAQ:TREE) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 848,200 shares, an increase of 168.8% from the October 31st total of 315,600 shares. Approximately 7.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 240,300 shares, the days-to-cover ratio is currently 3.5 days.

Analyst Upgrades and Downgrades

TREE has been the subject of several research reports. Truist Financial increased their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC increased their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Susquehanna raised their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Up 0.8 %

LendingTree stock traded up $0.36 during mid-day trading on Friday, reaching $44.21. The stock had a trading volume of 137,502 shares, compared to its average volume of 240,692. 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 $17.21 and a fifty-two week high of $62.49. The stock’s 50-day simple moving average is $52.34 and its 200-day simple moving average is $49.65. The firm has a market capitalization of $590.65 million, a PE ratio of -16.37 and a beta of 2.11.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares in the last quarter. National Bank of Canada FI bought a new position in shares of LendingTree in the third quarter valued at approximately $32,000. Point72 DIFC Ltd lifted 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 in the last quarter. nVerses Capital LLC lifted its holdings in shares of 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 purchasing an additional 800 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of LendingTree in the second quarter valued at approximately $132,000. 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.