TREE (LendingTree Inc.) may reap gains as insiders became active recently


LendingTree Inc.’s filing revealed that its Chairman & CEO LEBDA DOUGLAS R unloaded Company’s shares for reported $2.46 million on Aug 30. In the deal valued at $18.95 per share,130,000 shares were sold. As a result of this transaction, LEBDA DOUGLAS R now holds 0 shares worth roughly $ 0.0.

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Then, LEBDA DOUGLAS R sold 172,926 shares, generating $3,270,031 in total proceeds. Upon selling the shares at $18.91, the Chairman & CEO now owns 4,559 shares.

Before that, LEBDA DOUGLAS R sold 84,859 shares. LendingTree Inc. shares valued at $1,604,684 were divested by the Chairman & CEO at a price of $18.91 per share. As a result of the transaction, LEBDA DOUGLAS R now holds 130,000 shares, worth roughly $2.43 million.

Susquehanna downgraded its LendingTree Inc. [TREE] rating to a Neutral from a a Positive in a research note published on Friday, February 28, 2023; the price target was decreased to $36 from $46. PT values the company’s stock at a premium of 47.97 to its Friday closing price.

Price Performance Review of TREE

On Friday, LendingTree Inc. [NASDAQ:TREE] saw its stock fall -0.95% to $18.73. On the same session, the stock had its day’s lowest price of $18.71, but rose to a high of $19.45. Over the last five days, the stock has gained 0.59%. LendingTree Inc. shares have fallen nearly -12.19% since the year began. Nevertheless, the stocks have fallen -38.57% over the past one year. While a 52-week high of $47.82 was reached on 02/09/23, a 52-week low of $16.02 was recorded on 05/02/23. SMA at 50 days reached $22.13, while 200 days put it at $25.16. A total of 0.28 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For TREE Stock

The 24-hour chart illustrates a support level at 18.48, which if violated will result in even more drops to 18.22. On the upside, there is a resistance level at 19.22. A further resistance level may holdings at 19.70. The Relative Strength Index (RSI) on the 14-day chart is 36.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.69%. Stochastics %K at 25.27% indicates the stock is a holding.

How much short interest is there in LendingTree Inc.?

A steep rise in short interest was recorded in LendingTree Inc. stocks on Aug 14, 2023, dropping by 57360.0 shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.61 million shares. There was a decline of -10.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.68% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.05.

LendingTree Inc. [TREE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 961,421 shares, or roughly 7.45% of the outstanding TREE shares. In other words, the investor’s shares have fallen by -834,974 from its previous 13-F filing of 1796395.0. Additionally, The Vanguard Group, Inc. decreased -34.24% of its stake after which the total value it holdings stand at $16,843,052, while Baillie Gifford & Co. added 0.66% of its stake to hold $13.78 million in the firm. Over the last quarter, HighTower Advisors LLC purchased 175,213 shares of LendingTree Inc., while Millennium Management LLC bought 304,451 shares. At present, Jacobs Levy Equity Management, In is holding 342,340 shares valued at $8.35 million. Dimensional Fund Advisors LP owned 332,145 shares of the company at the time of its most recent 13F filing, worth $8.1 million.

According to FactSet, LendingTree Inc.’s share price will average $24.22 in the next year, based on opinions of analysts polled by the firm. This is up nearly 32.21 percent from its previous closing price of $18.91. Analysts expect LendingTree Inc. stock to reach the higher price of $29.00, while the lowest price estimate is $14.00. However, 10 analysts have rated TREE stock as an Overweight in their predictions for 2023.


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