LendingTree Inc. (NASDAQ: TREE)’s stock price has soared by 10.01 in relation to previous closing price of 52.76. Nevertheless, the company has seen a gain of 11.25% in its stock price over the last five trading days. prnewswire.com reported 2024-10-14 that CHARLOTTE, N.C., Oct. 14, 2024 /PRNewswire/ — LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation’s leading online financial services marketplace, today announced that it will release fiscal third quarter 2024 results after market close on Thursday, October 31, 2024.
Is It Worth Investing in LendingTree Inc. (NASDAQ: TREE) Right Now?
The 36-month beta value for TREE is at 2.13. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 6 rating it as “overweight,” 0 as “hold,” and 1 as “sell.”
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The public float for TREE is 10.94M, and currently, shorts hold a 1.85% of that float. The average trading volume for TREE on October 31, 2024 was 171.26K shares.
TREE’s Market Performance
The stock of LendingTree Inc. (TREE) has seen a 11.25% increase in the past week, with a 0.82% rise in the past month, and a 25.38% gain in the past quarter. The volatility ratio for the week is 5.22%, and the volatility levels for the past 30 days are at 4.58% for TREE. The simple moving average for the past 20 days is 2.49% for TREE’s stock, with a 28.34% simple moving average for the past 200 days.
Analysts’ Opinion of TREE
Many brokerage firms have already submitted their reports for TREE stocks, with Keefe Bruyette repeating the rating for TREE by listing it as a “Outperform.” The predicted price for TREE in the upcoming period, according to Keefe Bruyette is $45 based on the research report published on February 28, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see TREE reach a price target of $45, previously predicting the price at $25. The rating they have provided for TREE stocks is “Outperform” according to the report published on January 08th, 2024.
Susquehanna gave a rating of “Neutral” to TREE, setting the target price at $36 in the report published on February 28th of the previous year.
TREE Trading at 2.83% from the 50-Day Moving Average
After a stumble in the market that brought TREE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.12% of loss for the given period.
Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 5.22%, as shares surge +1.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.07% upper at present.
During the last 5 trading sessions, TREE rose by +11.25%, which changed the moving average for the period of 200-days by +104.44% in comparison to the 20-day moving average, which settled at $56.63. In addition, LendingTree Inc. saw 91.42% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TREE starting from Rodriguez Diego A, who sale 2,000 shares at the price of $49.16 back on Aug 15 ’24. After this action, Rodriguez Diego A now owns 4,211 shares of LendingTree Inc., valued at $98,320 using the latest closing price.
Rodriguez Diego A, the Director of LendingTree Inc., proposed sale 2,000 shares at $49.16 during a trade that took place back on Aug 15 ’24, which means that Rodriguez Diego A is holding shares at $98,326 based on the most recent closing price.
Stock Fundamentals for TREE
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.93 for the gross margin
The net margin for LendingTree Inc. stands at -0.19. The total capital return value is set at -0.02. Equity return is now at value -65.53, with -13.79 for asset returns.
Based on LendingTree Inc. (TREE), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 3.35. The interest coverage ratio of the stock is 9.34.
Currently, EBITDA for the company is 84.36 million with net debt to EBITDA at 5.52. When we switch over and look at the enterprise to sales, we see a ratio of 1.9. The receivables turnover for the company is 5.36for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In conclusion, LendingTree Inc. (TREE) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
