LendingTree, Inc. (NASDAQ:TREE) General Counsel Sells $45,300.00 in Stock

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) General Counsel Heather Enlow-Novitsky sold 1,250 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $36.24, for a total transaction of $45,300.00. Following the completion of the sale, the general counsel now directly owns 2,028 shares of the company's stock, valued at $73,494.72. The trade was a 38.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

LendingTree Stock Performance

Shares of LendingTree stock traded down $0.43 during trading on Friday, hitting $35.16. 383,414 shares of the stock were exchanged, compared to its average volume of 270,575. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree, Inc. has a 12 month low of $34.01 and a 12 month high of $62.49. The stock's fifty day moving average is $43.35 and its 200 day moving average is $43.07. The stock has a market cap of $475.89 million, a PE ratio of -13.02 and a beta of 1.76.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.74 by $0.25. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The firm had revenue of $239.70 million during the quarter, compared to analysts' expectations of $244.93 million. The business's revenue for the quarter was up 42.8% on a year-over-year basis. As a group, sell-side analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial cut their price objective on LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods lowered their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Needham & Company LLC dropped their target price on shares of LendingTree from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Wall Street Zen lowered shares of LendingTree from a "buy" rating to a "hold" rating in a report on Sunday, May 11th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, LendingTree currently has an average rating of "Moderate Buy" and an average target price of $64.13.

Institutional Trading of LendingTree

Hedge funds have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC acquired a new position in shares of LendingTree during the fourth quarter valued at $36,000. Tower Research Capital LLC TRC grew its position in LendingTree by 248.0% in 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 buying an additional 848 shares in 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 bought a new stake in shares of LendingTree during the 4th quarter worth about $56,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of LendingTree in the 4th quarter worth approximately $70,000. Institutional investors 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.