LendingTree (NASDAQ:TREE) Shares Down 8.8% – Should You Sell?

LendingTree, Inc. (NASDAQ:TREE)’s share price traded down 8.8% on Friday . The stock traded as low as $44.14 and last traded at $44.18. 248,949 shares changed hands during trading, an increase of 5% from the average session volume of 238,177 shares. The stock had previously closed at $48.45.

Analysts Set New Price Targets

TREE has been the subject of a number of analyst reports. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Sunday, November 10th. 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. Needham & Company LLC boosted their price target on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer raised their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Stephens boosted their target price on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, LendingTree presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

LendingTree Stock Down 8.5 %

The company’s 50 day simple moving average is $54.85 and its two-hundred day simple moving average is $49.97. 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 Activity at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.40% of the stock is owned by insiders.

Institutional Trading of LendingTree

A number of institutional investors and hedge funds have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of LendingTree in the third quarter valued at approximately $32,000. CWM LLC grew its stake in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares in the last quarter. Point72 DIFC Ltd increased its position 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 worth $67,000 after acquiring an additional 499 shares during the period. nVerses Capital LLC raised its stake in shares of LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 800 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in LendingTree in the second quarter valued at $132,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

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.