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

LendingTree, Inc. (NASDAQ:TREE) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 401,200 shares, a growth of 28.8% from the July 31st total of 311,600 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average trading volume of 176,800 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On LendingTree

Several institutional investors have recently bought and sold shares of the company. CWM LLC boosted its holdings in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after buying an additional 420 shares during the period. Headlands Technologies LLC boosted its holdings in shares of LendingTree by 16.8% in the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 270 shares during the period. Quest Partners LLC purchased a new position in shares of LendingTree in the second quarter valued at $132,000. Meeder Asset Management Inc. bought a new stake in shares of LendingTree during the 2nd quarter valued at $139,000. Finally, Versor Investments LP bought a new stake in shares of LendingTree during the 2nd quarter valued at $204,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Stock Performance

Shares of TREE traded up $0.24 on Friday, reaching $57.93. 307,579 shares of the company’s stock traded hands, compared to its average volume of 241,530. The stock’s 50 day simple moving average is $48.58 and its two-hundred day simple moving average is $43.60. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. LendingTree has a 52-week low of $10.12 and a 52-week high of $62.27. The stock has a market cap of $766.12 million, a PE ratio of -5.58 and a beta of 2.11.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.19). The company had revenue of $210.10 million for 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%. LendingTree’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. On average, analysts forecast that LendingTree will post -0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TREE has been the subject of a number of recent analyst reports. Truist Financial raised their price target on shares of LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Northland Securities raised their target price on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Susquehanna boosted their price target on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Oppenheimer increased their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Finally, StockNews.com downgraded LendingTree from a “buy” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.