Lendingtree Inc (TREE) Shares Recover A Bit on Friday, But Still Down Big


Shares of Lendingtree Inc (NASDAQ:TREE) were up slightly on Friday, two days after the stock dropped over 30%. The drop, which had been chalked up to possible comments made at a conference, seems to have been overdone. The CEO of the company as well as an Analyst at SunTrust came out specifically saying that the selloff was unwarranted.

Although the stock bounced back on Thursday and a little more on Friday, shares of Lendingtree Inc (NASDAQ:TREE) still remain well off their highs seen early last week when the stock was trading over $85. It will be interesting to see if investors use this as an opportunity to get in on the stock at lower levels, especially since they’ve just announced an additional share buyback plan, or if they continue to stay away. The stock increased 2.26% or $1.5 on January 15, hitting $67.74. About 1.39M shares traded hands or up 73.90% from the average. TREE has risen 5.86% since June 12, 2015 and is currently uptrending. It has outperformed the S&P500 by 14.73%.

From a total of 6 analysts covering Tree.com (NYSE:TREE) stock, 6 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. The highest target price is $150 while the lowest target price is $122. The mean of all analyst targets is $143.67 which is 112.09% above today’s ($67.74) stock price. Tree.com was the topic of 7 analyst reports since October 26, 2015 according to the firm StockzIntelligence Inc. Bank of America upgraded shares on December 10 to a “Buy” rating. Bank of America initiated shares with a”Neutral” rating and a $122 target share price in their report from a November 18. Suntrust Robinson initiated TREE stock in a recent report from November 9 with a “Buy” rating. BWS Financial maintained the rating on October 26. BWS Financial has a “Buy” rating and a $150 price target on shares. Finally, Needham maintained the stock with a “Buy” rating in a report they issued on an October 27.

The institutional sentiment increased to 1.46 in Q2 2015. It’s up 0.33, from 1.13 in 2015Q2. The ratio is positive, as 16 funds sold all their Lendingtree Inc shares they owned while 47 reduced their positions. 53 funds bought stakes while 39 increased their total positions. Institutions now own 5.42 million shares which is 41.29% less than the previous share count of 9.23 million in 2015Q2.

G2 Investment Partners Management Llc holds 13.65% of its total portfolio in Lendingtree Inc, equating to 392,914 shares. Timpani Capital Management Llc owns 94,457 shares representing 3.54% of their total US portfolio. Moreover, P.A.W. Capital Corp has 3.2% of their total portfolio invested in the company, equating to 30,000 shares. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has a total of 1.67% of their portfolio invested in the stock. Emerald Advisers Inc Pa, a Pennsylvania-based fund reported 246,603 shares owned.

LendingTree, Inc. , formerly Tree.com, Inc. is engaged in operating an online loan marketplace for clients an array of loan types and other credit offerings. The company has a market cap of $764.53 million. The Firm offers clients tools and resources, including free credit scores, which help them to comparison-shop for mortgage loans, home equity loans and lines of credit, reverse mortgages, personal loans, auto loans, student loans, credit cards, small business loans and other related offerings. It has 38.79 P/E ratio. And, upon submitting their relevant information to the Company through an inquiry form, it seeks to match in-market clients with multiple lenders on its marketplace.