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

LendingTree, Inc. (NASDAQ:TREE) was the target of a significant 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. Currently, 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 299,400 shares, the days-to-cover ratio is currently 1.3 days.

Insider Activity

In other LendingTree news, CEO Douglas R. Lebda acquired 13,000 shares of the stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $39.72 per share, with a total value of $516,360.00. Following the transaction, the chief executive officer now owns 121,599 shares in the company, valued at $4,829,912.28. The trade was a 11.97 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Scott V. Totman acquired 3,750 shares of the stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of $38.59 per share, with a total value of $144,712.50. Following the completion of the transaction, the chief technology officer now owns 18,192 shares in the company, valued at approximately $702,029.28. This 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.

Hedge Funds Weigh In On LendingTree

Large investors have recently modified their holdings of the business. National Bank of Canada FI purchased a new position in shares of LendingTree during the 3rd quarter worth approximately $32,000. New Age Alpha Advisors LLC purchased a new position in shares of LendingTree during the 4th quarter worth approximately $36,000. Point72 DIFC Ltd raised its stake in shares of LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after buying an additional 499 shares in the last quarter. nVerses Capital LLC raised its stake in shares of LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after buying an additional 800 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of LendingTree during the 4th quarter worth approximately $54,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Friday. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Tuesday, January 21st. Needham & Company LLC boosted their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Truist Financial boosted their target price on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $64.00.

LendingTree Stock Up 3.9 %

TREE opened at $46.18 on Friday. The business has a 50 day moving average price of $41.31 and a two-hundred day moving average price of $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. LendingTree has a 52 week low of $28.50 and a 52 week high of $62.49.

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.