TREE Stock Summary and Trading Ideas (Lendingtree | NASDAQ:TREE)

LendingTree Inc is a United States-based company that is principally engaged in operating an online loan marketplace. The company provides online tools and resources that can help consumers find loans or other credit-based offerings They need, including mortgage loans, reverse mortgage, home equity, personal loans, auto loans, credit cards, student loans, small business loans, and other related offerings. The company offers consumers direct access to a broad range of lenders. They have three reportable segments which are Home, Consumer, and Insurance. The company generates match fees by matching consumers with lenders, and closing fees from lenders on loans when a transaction is closed. The company operates business solely in the United States.

Lendingtree trades on the NASDAQ stock market under the symbol TREE.

As of April 19, 2024, TREE stock price declined to $34.13 with 169,667 million shares trading.

TREE has a beta of 4.30, meaning it tends to be more sensitive to market movements. TREE has a correlation of 0.36 to the broad based SPY ETF.

TREE has a market cap of $442.61 million. This is considered a Small Cap stock.

Last quarter Lendingtree reported $134 million in Revenue and $.28 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.24.

In the last 3 years, TREE stock traded as high as $250.00 and as low as $10.12.

The top ETF exchange traded funds that TREE belongs to (by Net Assets): VTI, IWM, VXF, DWAS, IWN.

TREE has outperformed the market in the last year with a return of +48.8%, while the SPY ETF gained +21.2%. In the last 3 month period, TREE beat the market returning +30.8%, while SPY returned +4.3%. However, in the most recent 2 weeks TREE has underperformed the stock market by returning -12.4%, while SPY returned -3.5%.

TREE support price is $32.85 and resistance is $35.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TREE stock will trade within this expected range on the day.