LendingTree, Inc. (NASDAQ:TREE - Get Free Report) General Counsel Heather Novitsky sold 2,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.08, for a total value of $98,160.00. Following the transaction, the general counsel now directly owns 564 shares of the company's stock, valued at $27,681.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
LendingTree Stock Performance
Shares of NASDAQ:TREE opened at $48.93 on Wednesday. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 4.80. The company has a market capitalization of $647.34 million, a price-to-earnings ratio of -4.71 and a beta of 2.10. LendingTree, Inc. has a 12 month low of $10.12 and a 12 month high of $52.76. The firm's 50-day moving average is $40.17 and its 200 day moving average is $30.66.
LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.14. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. The firm had revenue of $134.40 million for the quarter, compared to the consensus estimate of $135.55 million. During the same period in the prior year, the business posted ($0.53) earnings per share. Research analysts predict that LendingTree, Inc. will post -0.04 EPS for the current year.
Institutional Trading of LendingTree
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Several institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC increased its stake in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider's stock worth $80,000 after buying an additional 270 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in LendingTree by 185.2% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider's stock worth $840,000 after acquiring an additional 12,889 shares in the last quarter. Empowered Funds LLC increased its position in shares of LendingTree by 7.9% during the first quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider's stock worth $1,318,000 after acquiring an additional 2,275 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LendingTree by 5.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider's stock valued at $1,435,000 after acquiring an additional 1,605 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of LendingTree by 8.6% in the first quarter. Assenagon Asset Management S.A. now owns 161,118 shares of the financial services provider's stock valued at $6,822,000 after purchasing an additional 12,816 shares during the period. 68.26% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on TREE shares. Oppenheimer increased their target price on LendingTree from $45.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of LendingTree from $25.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods increased their price target on shares of LendingTree from $45.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. StockNews.com raised LendingTree from a "hold" rating to a "buy" rating in a research note on Thursday, May 2nd. Finally, Truist Financial reaffirmed a "buy" rating and issued a $55.00 price objective (up from $37.00) on shares of LendingTree in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.50.
Check Out Our Latest Stock Analysis on LendingTree
About LendingTree
(
Get Free Report)
LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.
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