LendingTree (NASDAQ:TREE) Trading Down 5.6% Following Analyst Downgrade

LendingTree, Inc. (NASDAQ:TREE)’s share price was down 5.6% on Friday after Keefe, Bruyette & Woods lowered their price target on the stock from $73.00 to $66.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. LendingTree traded as low as $46.61 and last traded at $46.56. Approximately 42,374 shares were traded during trading, a decline of 81% from the average daily volume of 228,521 shares. The stock had previously closed at $49.34.

A number of other brokerages have also commented on TREE. Needham & Company LLC cut their price target on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Northland Securities upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $65.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TREE. Squarepoint Ops LLC lifted its stake in LendingTree by 2,074.7% in the fourth quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider’s stock worth $4,185,000 after acquiring an additional 103,032 shares during the period. Cubist Systematic Strategies LLC lifted its stake in LendingTree by 127.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider’s stock worth $6,455,000 after acquiring an additional 93,244 shares during the period. Lisanti Capital Growth LLC purchased a new stake in LendingTree in the third quarter worth about $3,651,000. AQR Capital Management LLC lifted its position in shares of LendingTree by 70.6% during the fourth quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider’s stock valued at $5,092,000 after buying an additional 54,368 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in shares of LendingTree by 118.0% during the third quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock valued at $451,000 after buying an additional 50,910 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

LendingTree Trading Down 1.5 %

The firm has a market capitalization of $649.66 million, a PE ratio of -18.01 and a beta of 2.07. The company’s 50-day simple moving average is $42.38 and its 200 day simple moving average is $47.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

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.