LendingTree, Inc. (NASDAQ:TREE) CFO Trent Ziegler Sells 8,750 Shares

LendingTree, Inc. (NASDAQ:TREE) CFO Trent Ziegler sold 8,750 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.30, for a total value of $431,375.00. Following the transaction, the chief financial officer now owns 5 shares in the company, valued at $246.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

LendingTree Price Performance

Shares of TREE opened at $48.26 on Friday. LendingTree, Inc. has a fifty-two week low of $10.12 and a fifty-two week high of $52.76. The firm’s 50-day simple moving average is $40.59 and its two-hundred day simple moving average is $30.90. The stock has a market cap of $638.24 million, a PE ratio of -4.65 and a beta of 2.10. The company has a debt-to-equity ratio of 4.80, a quick ratio of 3.71 and a current ratio of 3.71.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The company had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. During the same quarter last year, the company earned ($0.53) EPS. Analysts anticipate that LendingTree, Inc. will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LendingTree

Several large investors have recently modified their holdings of the stock. Headlands Technologies LLC increased its stake in LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of LendingTree by 1.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 553 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in LendingTree by 78.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,321 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in LendingTree by 1.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock valued at $1,805,000 after acquiring an additional 1,568 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in LendingTree by 8.9% during the 4th quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 1,957 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TREE shares. JPMorgan Chase & Co. raised their price target on shares of LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Needham & Company LLC lifted their target price on shares of LendingTree from $40.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Truist Financial reaffirmed a “buy” rating and set a $55.00 price objective (up from $37.00) on shares of LendingTree in a research report on Wednesday, May 1st. Finally, Oppenheimer upped their target price on LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.50.

LendingTree Company Profile

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.