LendingTree (NASDAQ:TREE) Sees Unusually-High Trading Volume – Still a Buy?

LendingTree, Inc. (NASDAQ:TREE) saw an uptick in trading volume on Monday . 327,306 shares were traded during trading, an increase of 37% from the previous session’s volume of 239,282 shares.The stock last traded at $43.30 and had previously closed at $44.34.

Analysts Set New Price Targets

A number of research firms recently commented on TREE. Northland Securities increased their price objective on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Stephens increased their price objective on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a report on Sunday, November 10th. Susquehanna upped their price objective on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Truist Financial boosted their target price on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, LendingTree has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Stock Down 2.1 %

The firm’s 50-day moving average is $54.85 and its 200 day moving average is $50.00. The firm has a market capitalization of $580.31 million, a P/E ratio of -15.98 and a beta of 2.11. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Buying and Selling at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in LendingTree by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock worth $14,697,000 after purchasing an additional 2,595 shares in the last quarter. Barclays PLC grew its stake in shares of LendingTree by 301.5% in the third quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock worth $1,244,000 after purchasing an additional 16,077 shares during the last quarter. National Bank of Canada FI bought a new position in LendingTree during the 3rd quarter worth $32,000. Point72 DIFC Ltd lifted its holdings in 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 during the period. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of LendingTree in the third quarter valued at about $1,045,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.