LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Enlow-Novitsky Sells 1,250 Shares

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) General Counsel Heather Enlow-Novitsky sold 1,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $36.24, for a total transaction of $45,300.00. Following the sale, the general counsel now owns 2,028 shares of the company's stock, valued at $73,494.72. This represents a 38.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LendingTree Price Performance

Shares of NASDAQ TREE traded up $0.80 on Tuesday, hitting $35.49. The company's stock had a trading volume of 295,178 shares, compared to its average volume of 271,326. LendingTree, Inc. has a 12-month low of $33.82 and a 12-month high of $62.49. The company has a market capitalization of $480.36 million, a price-to-earnings ratio of -13.14 and a beta of 1.76. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50 day moving average of $42.60 and a 200-day moving average of $42.91.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. New Age Alpha Advisors LLC acquired a new stake in shares of LendingTree in the 4th quarter worth about $36,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 worth $46,000 after acquiring an additional 848 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of LendingTree in the 4th quarter worth about $54,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of LendingTree in the 4th quarter worth about $56,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of LendingTree in the 4th quarter worth about $70,000. 68.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TREE has been the subject of several recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Wall Street Zen cut shares of LendingTree from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. JPMorgan Chase & Co. raised their price target on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Stephens reissued an "overweight" rating and issued a $69.00 price target on shares of LendingTree in a research report on Thursday, March 6th. Finally, Truist Financial decreased their price objective on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, LendingTree presently has an average rating of "Moderate Buy" and an average price target of $64.13.

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.