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

LendingTree, Inc. (NASDAQ:TREE) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 311,300 shares, a decline of 22.4% from the August 15th total of 401,200 shares. Based on an average daily trading volume, of 186,200 shares, the short-interest ratio is currently 1.7 days. Approximately 2.9% of the company’s shares are short sold.

Institutional Investors Weigh In On LendingTree

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC boosted its stake in shares of 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 purchasing an additional 420 shares in the last quarter. Headlands Technologies LLC lifted its position in LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after buying an additional 270 shares in the last quarter. Quest Partners LLC acquired a new position in LendingTree during the 4th quarter worth about $103,000. Meeder Asset Management Inc. bought a new position in shares of LendingTree in the 2nd quarter valued at about $139,000. Finally, Versor Investments LP bought a new position in shares of LendingTree in the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Trading Up 5.2 %

Shares of TREE stock opened at $57.27 on Monday. The firm has a market capitalization of $763.98 million, a P/E ratio of -5.52 and a beta of 2.12. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The firm’s fifty day simple moving average is $51.28 and its 200 day simple moving average is $45.08. LendingTree has a 1 year low of $10.12 and a 1 year high of $62.27.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.19). The business had revenue of $210.10 million during the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. As a group, sell-side analysts predict that LendingTree will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TREE. Truist Financial boosted their price objective on shares of LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stephens increased their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Northland Securities upped their price target on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Needham & Company LLC increased their target price on shares of LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Oppenheimer raised their price objective on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, LendingTree currently has a consensus rating of “Moderate Buy” and an average target price of $58.13.

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.