Emerald Advisers LLC Raises Position in LendingTree, Inc. (NASDAQ:TREE)

Emerald Advisers LLC raised its stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 378,563 shares of the financial services provider's stock after purchasing an additional 17,343 shares during the period. Emerald Advisers LLC owned approximately 2.83% of LendingTree worth $19,030,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in LendingTree during the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its stake in LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 848 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in LendingTree during the 4th quarter valued at about $54,000. CANADA LIFE ASSURANCE Co acquired a new position in LendingTree during the 4th quarter valued at about $56,000. Finally, KLP Kapitalforvaltning AS acquired a new position in LendingTree during the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 68.26% of the company's stock.

Insider Transactions at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $36.24, for a total transaction of $45,300.00. Following the completion of the transaction, the general counsel owned 2,028 shares of the company's stock, valued at approximately $73,494.72. This trade represents a 38.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.10% of the stock is currently owned by insiders.

LendingTree Trading Down 5.2%

NASDAQ TREE traded down $2.12 during trading on Friday, hitting $38.60. 281,732 shares of the company's stock traded hands, compared to its average volume of 283,308. The stock has a fifty day moving average of $36.81 and a two-hundred day moving average of $42.01. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.20 and a quick ratio of 1.20. LendingTree, Inc. has a 12-month low of $33.50 and a 12-month high of $62.49. The firm has a market cap of $522.26 million, a P/E ratio of -9.35 and a beta of 1.61.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.25. LendingTree had a negative net margin of 5.67% and a positive return on equity of 14.76%. The company had revenue of $239.70 million during the quarter, compared to analyst estimates of $244.93 million. The firm's quarterly revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts expect that LendingTree, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TREE shares. Truist Financial cut their price target on LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Needham & Company LLC cut their target price on LendingTree from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen downgraded LendingTree from a "buy" rating to a "hold" rating in a research note on Sunday, May 11th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.13.

LendingTree 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.