LendingTree, Inc. (NASDAQ:TREE) Brief Interest Update
LendingTree, Inc. (NASDAQ:TREE – Get a rating) was the target of strong short-term interest growth in February. As of February 15, there was short interest totaling 1,210,000 shares, a growth of 25.9% from the total of 960,800 shares as of January 31. Currently, 10.6% of the company’s shares are sold short. Based on an average daily trading volume of 247,200 shares, the short-term interest rate ratio is currently 4.9 days.
Several large investors have recently increased or reduced their stake in the company. The Oregon Public Employees Retirement Fund increased its holdings of LendingTree shares by 2.5% in the third quarter. The Oregon Public Employees Retirement Fund now owns 3,832 shares of the financial services provider valued at $536,000 after acquiring 92 additional shares last quarter. The Alaska State Department of Revenue increased its holdings of LendingTree stock by 5.7% in Q3. The Alaska State Department of Revenue now owns 1,802 shares of the financial services provider valued at $251,000 after buying 97 more shares last quarter. State of Michigan Retirement System increased its holdings of LendingTree shares by 3.6% during the third quarter. State of Michigan Retirement System now owns 2,868 shares of the financial services provider valued at $401,000 after buying 100 additional shares last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings of LendingTree stock by 2.8% in Q3. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,783 shares of the financial services provider valued at $529,000 after buying 103 additional shares last quarter. Finally, Advisor Group Holdings Inc. increased its equity stake in LendingTree by 6.9% during Q3. Advisor Group Holdings Inc. now owns 1,819 shares of the financial services provider valued at $253,000 after buying 117 additional shares last quarter. 84.95% of the shares are currently held by hedge funds and other institutional investors.
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NASDAQ:TREE opened at $96.43 on Tuesday. The company’s 50-day moving average price is $120.94 and its two-hundred-day moving average price is $134.38. LendingTree has a twelve month minimum of $90.97 and a twelve month maximum of $250.00. The stock has a market capitalization of $1.25 billion, a P/E ratio of 19.21 and a beta of 1.46. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt ratio of 1.07.
LendingTree (NASDAQ:TREE – Get a rating) last released its quarterly results on Thursday, February 24. The financial services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.16. LendingTree had a negative return on equity of 2.22% and a net margin of 6.29%. The company posted revenue of $258.30 million for the quarter, versus $258.25 million expected by analysts. During the same quarter last year, the company posted ($0.73) EPS. The company’s revenue increased by 16.2% compared to the same quarter last year. On average, equity research analysts expect LendingTree to post -1.41 EPS for the current fiscal year.
A number of research analysts have weighed in on TREE stocks recently. Susquehanna Bancshares cut its price target on LendingTree shares from $310.00 to $265.00 in a Thursday, Feb. 3 research note. StockNews.com downgraded LendingTree shares from a “buy” rating to a “hold” rating in a Wednesday, Feb. 16 research note. Truist Financial reduced its price target on LendingTree shares from $275.00 to $250.00 in a research note on Wednesday, January 26. Needham & Company LLC cut its price target on LendingTree shares from $175.00 to $145.00 and set a “buy” rating for the company in a Monday, Feb. 28 research note. Finally, Keefe, Bruyette & Woods began covering LendingTree shares in a research note on Monday, February 14. They issued a “market performance” rating and a price target of $139.00 for the company. One analyst rated the stock with a sell rating, two assigned a hold rating and five assigned the company a buy rating. According to MarketBeat.com, the stock has an average buy rating and consensus price target of $207.44.
LendingTree Company Profile (Get a rating)
LendingTree, Inc engages in the operation of an online lending marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer and Insurance. The Home segment includes purchase of mortgages, mortgage refinancing, home equity loans and lines of credit and reverse mortgages and real estate.
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