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

LendingTree, Inc. (NASDAQ:TREE) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 393,900 shares, a decline of 40.8% from the January 15th total of 665,800 shares. Based on an average daily trading volume, of 299,400 shares, the days-to-cover ratio is currently 1.3 days. Currently, 3.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Susquehanna upped their price target on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Oppenheimer increased their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their target price on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday. Finally, Truist Financial raised their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $64.00.

LendingTree Stock Up 3.9 %

LendingTree stock opened at $46.18 on Friday. LendingTree has a 52 week low of $28.50 and a 52 week high of $62.49. The business’s 50-day moving average price is $41.31 and its 200 day moving average price is $48.32. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Activity at LendingTree

In other LendingTree news, CTO Scott V. Totman bought 3,750 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average cost of $38.59 per share, for a total transaction of $144,712.50. Following the transaction, the chief technology officer now owns 18,192 shares of the company’s stock, valued at $702,029.28. This represents a 25.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Lebda bought 13,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the transaction, the chief executive officer now directly owns 121,599 shares in the company, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is owned by corporate insiders.

Institutional Trading of LendingTree

Institutional investors have recently bought and sold shares of the business. Lisanti Capital Growth LLC acquired a new stake in LendingTree in the third quarter valued at approximately $3,651,000. GSA Capital Partners LLP purchased a new stake in LendingTree in the third quarter valued at $1,612,000. Polar Asset Management Partners Inc. purchased a new stake in LendingTree in the third quarter valued at $1,045,000. Barclays PLC raised its position in LendingTree by 301.5% in the third quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after purchasing an additional 16,077 shares during the period. Finally, Hennessy Advisors Inc. grew 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 valued at $9,393,000 after buying an additional 15,400 shares in the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

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.