Price Action To Observe: What’s Propelling Lendingtree Inc to Decline So Much?

Price Action To Observe: What's Propelling Lendingtree Inc to Decline So Much?

The stock of Lendingtree Inc (NASDAQ:TREE) is a huge mover today! About 165,341 shares traded hands. Lendingtree Inc (NASDAQ:TREE) has declined 3.40% since April 14, 2016 and is downtrending. It has underperformed by 8.09% the S&P500.
The move comes after 6 months negative chart setup for the $1.02B company. It was reported on Nov, 16 by Barchart.com. We have $80.96 PT which if reached, will make NASDAQ:TREE worth $81.60 million less.

Lendingtree Inc (NASDAQ:TREE) Ratings Coverage

Out of 10 analysts covering LendingTree (NASDAQ:TREE), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. LendingTree has been the topic of 14 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Lendingtree Inc (NASDAQ:TREE) has “Buy” rating given on Tuesday, August 4 by Needham. The stock of Lendingtree Inc (NASDAQ:TREE) has “Neutral” rating given on Wednesday, November 18 by Bank of America. The stock of Lendingtree Inc (NASDAQ:TREE) earned “Buy” rating by Loop Capital on Wednesday, October 12. The stock of Lendingtree Inc (NASDAQ:TREE) has “Buy” rating given on Friday, October 28 by Mizuho. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 9. The rating was initiated by Compass Point with “Buy” on Thursday, June 2. On Monday, November 16 the stock rating was initiated by Guggenheim with “Buy”. SunTrust initiated it with “Buy” rating and $150 target price in Monday, November 9 report. The stock has “Buy” rating given by BWS Financial on Monday, October 26. The firm earned “Buy” rating on Wednesday, November 18 by Topeka Capital Markets.

According to Zacks Investment Research, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc.”

Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.22, from 0.91 in 2016Q1. The ratio increased, as 40 funds sold all Lendingtree Inc shares owned while 40 reduced positions. 27 funds bought stakes while 63 increased positions. They now own 9.37 million shares or 1.54% more from 9.23 million shares in 2016Q1.
Tower Capital Limited Liability (Trc) holds 0.01% of its portfolio in Lendingtree Inc (NASDAQ:TREE) for 1,188 shares. Key Colony Management Ltd accumulated 4,000 shares or 0.45% of the stock. Driehaus Mgmt Limited Liability Company, a Illinois-based fund reported 60,839 shares. Geode Cap Mngmt Ltd Liability, a Massachusetts-based fund reported 50,753 shares. Millennium Management Llc accumulated 3,009 shares or 0% of the stock. Blackrock Institutional Trust Communication Na accumulated 164,830 shares or 0% of the stock. Tocqueville Asset Mngmt L P accumulated 5,000 shares or 0.01% of the stock. D E Shaw, a New York-based fund reported 3,265 shares. Baillie Gifford & Co has 122,700 shares for 0.02% of their US portfolio. Lord Abbett Communication Llc has 287,364 shares for 0.08% of their US portfolio. Credit Agricole S A has 0.02% invested in the company for 61,500 shares. The Pennsylvania-based Vanguard Grp has invested 0% in Lendingtree Inc (NASDAQ:TREE). Cipher Limited Partnership accumulated 0.03% or 4,156 shares. United Services Automobile Association has invested 0.03% of its portfolio in Lendingtree Inc (NASDAQ:TREE). Menta Ltd Liability Company holds 0.04% or 3,464 shares in its portfolio.

More recent Lendingtree Inc (NASDAQ:TREE) news were published by: Prnewswire.com which released: “LendingTree, Inc. to Host Investor and Analyst Day on December 13, 2016” on October 25, 2016. Also Prnewswire.com published the news titled: “LendingTree, Inc. to Report Third Quarter Earnings on October 27, 2016” on October 14, 2016. Prnewswire.com‘s news article titled: “LendingTree Reports Q3 2016 Results” with publication date: October 27, 2016 was also an interesting one.

TREE Company Profile

LendingTree, Inc. (LendingTree), formerly Tree.com, Inc., incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers. The Firm offers a range of loan types and other credit offerings for its consumers. The Firm operates through Lending activities segment. The Company’s online marketplace provides clients with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings. In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit offerings. The Firm allows clients to submit their relevant information to it through an inquiry form, and it seeks to match in-market clients with multiple lenders on its marketplace. The Firm offers its products in categories, including mortgage products and non-mortgage products.

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