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

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TREE shares. Oppenheimer increased their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their target price on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Susquehanna upped their price target on shares of 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 boosted their price objective on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $64.00.

LendingTree Stock Up 3.7 %

The company has a market cap of $635.92 million, a P/E ratio of -17.64 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’s 50 day moving average is $40.83 and its 200 day moving average is $48.89.

Insider Transactions at LendingTree

In other news, CTO Scott V. Totman purchased 3,750 shares of the stock in a transaction on Friday, December 6th. The stock was bought at an average price of $38.59 per share, with a total value of $144,712.50. Following the transaction, the chief technology officer now owns 18,192 shares in the company, valued at $702,029.28. The trade was a 25.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas R. Lebda acquired 13,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was purchased at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the acquisition, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at approximately $4,829,912.28. This trade represents a 11.97 % 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

A number of hedge funds have recently modified their holdings of the stock. Emerald Advisers LLC boosted its holdings in LendingTree by 3.0% during the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock worth $20,681,000 after buying an additional 10,497 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LendingTree by 1.0% during the third quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock valued at $14,697,000 after acquiring an additional 2,595 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of LendingTree by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock worth $9,393,000 after acquiring an additional 15,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of LendingTree by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider’s stock worth $5,119,000 after purchasing an additional 2,602 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in LendingTree by 4.0% in the 2nd quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock valued at $2,898,000 after purchasing an additional 2,707 shares during the last quarter. Hedge funds and other 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.