LendingTree, Inc. (NASDAQ:TREE) Short Interest Up 20.3% in November

LendingTree, Inc. (NASDAQ:TREE) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,020,000 shares, a growth of 20.3% from the November 15th total of 848,200 shares. Based on an average daily volume of 281,700 shares, the days-to-cover ratio is presently 3.6 days. Currently, 9.3% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TREE. Truist Financial boosted their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Oppenheimer raised 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. Susquehanna upped their target price on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised their price target 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Trading Up 0.5 %

Shares of LendingTree stock traded up $0.20 during midday trading on Monday, reaching $40.00. 70,913 shares of the company’s stock traded hands, compared to its average volume of 251,088. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average of $49.05 and a 200-day moving average of $49.37. The company has a market cap of $534.40 million, a PE ratio of -14.74 and a beta of 2.03. LendingTree has a 12 month low of $24.55 and a 12 month high of $62.49.

Insider Buying and Selling at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Scott V. Totman acquired 3,750 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were bought at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the acquisition, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. This trade 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 Investors Weigh In On LendingTree

A number of institutional investors have recently made changes to their positions in TREE. National Bank of Canada FI bought a new position in shares of LendingTree during the third quarter valued at $32,000. CWM LLC boosted its holdings in shares of LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 420 shares during the last quarter. Point72 DIFC Ltd grew its stake 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 worth $67,000 after acquiring an additional 499 shares during the period. nVerses Capital LLC raised its holdings in shares of LendingTree by 200.0% during 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 during the last quarter. Finally, Quest Partners LLC bought a new position in LendingTree during the second quarter valued at approximately $132,000. 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.