LendingTree (NASDAQ:TREE) Stock Price Down 6.9% – Time to Sell?

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TREE. Needham & Company LLC lifted their target price on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial lifted their price objective on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer upped their target price on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com lowered shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods boosted their price target on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Trading Down 2.5 %

The stock has a market capitalization of $532.74 million, a P/E ratio of -14.77 and a beta of 2.03. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock’s 50 day moving average price is $51.64 and its 200-day moving average price is $49.61.

Insider Activity

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

Institutional Trading of LendingTree

Several hedge funds and other institutional investors have recently made changes to their positions in TREE. CWM LLC boosted its stake 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 purchasing an additional 420 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of LendingTree during the third quarter worth $32,000. Point72 DIFC Ltd grew 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 valued at $67,000 after buying an additional 499 shares during the last quarter. nVerses Capital LLC grew its holdings in shares of LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after buying an additional 800 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of LendingTree in the 2nd quarter valued at $132,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.