LendingTree (NASDAQ:TREE) Stock Price Down 6.9% – What’s Next?

LendingTree, Inc. (NASDAQ:TREE)’s stock price dropped 6.9% during mid-day trading on Monday . The company traded as low as $41.00 and last traded at $41.18. Approximately 81,745 shares traded hands during trading, a decline of 66% from the average daily volume of 239,901 shares. The stock had previously closed at $44.21.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TREE shares. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods upped 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. Oppenheimer raised their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Susquehanna lifted their target price on 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 increased their price target on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Performance

The stock’s 50 day simple moving average is $52.34 and its two-hundred day simple moving average is $49.69. The company has a market cap of $564.06 million, a PE ratio of -15.25 and a beta of 2.11. 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 Transactions at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC boosted its position in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 420 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of LendingTree in the 3rd quarter valued at approximately $32,000. Point72 DIFC Ltd raised its holdings in shares of LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 499 shares during the period. nVerses Capital LLC boosted its stake in 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 acquiring an additional 800 shares during the period. Finally, Quest Partners LLC acquired a new position in LendingTree during the 2nd quarter valued at approximately $132,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

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.