LendingTree (NASDAQ:TREE) Trading Up 4.6%

LendingTree, Inc. (NASDAQ:TREE) was up 4.6% on Tuesday . The stock traded as high as $51.39 and last traded at $51.19. Approximately 24,952 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 245,294 shares. The stock had previously closed at $48.94.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stephens reiterated an “overweight” rating and issued a $55.00 target price on shares of LendingTree in a research note on Thursday, June 20th. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up previously from $37.00) on shares of LendingTree in a report on Wednesday, May 1st. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods raised their target price on LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $56.00 price target on shares of LendingTree in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.43.

LendingTree Trading Up 8.0 %

The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 3.71. The business has a fifty day moving average of $43.61 and a 200-day moving average of $38.75. The stock has a market capitalization of $699.21 million, a price-to-earnings ratio of -4.89 and a beta of 2.11.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.36. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. The company had revenue of $167.80 million during the quarter, compared to the consensus estimate of $164.03 million. On average, equities analysts anticipate that LendingTree, Inc. will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other LendingTree news, CFO Trent Ziegler sold 8,750 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.30, for a total transaction of $431,375.00. Following the completion of the sale, the chief financial officer now directly owns 5 shares in the company, valued at approximately $246.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Trent Ziegler sold 8,750 shares of LendingTree stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.30, for a total transaction of $431,375.00. Following the completion of the sale, the chief financial officer now directly owns 5 shares in the company, valued at approximately $246.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Heather Novitsky sold 2,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.08, for a total value of $98,160.00. Following the completion of the transaction, the general counsel now owns 564 shares in the company, valued at approximately $27,681.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,802 shares of company stock worth $673,219. 23.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LendingTree

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. raised its position in shares of LendingTree by 6.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after acquiring an additional 22,581 shares during the last quarter. Shenkman Capital Management Inc. raised its stake in shares of LendingTree by 186.2% during the fourth quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock worth $10,413,000 after buying an additional 223,440 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of LendingTree by 53.9% during the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after acquiring an additional 89,900 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LendingTree by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,302 shares of the financial services provider’s stock worth $6,892,000 after purchasing an additional 11,753 shares during the period. Finally, Blue Grotto Capital LLC bought a new stake in LendingTree in the fourth quarter valued at about $4,930,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.