LendingTree (NASDAQ:TREE) Sees Strong Trading Volume - What's Next?

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 226,444 shares changed hands during mid-day trading, a decline of 9% from the previous session's volume of 249,746 shares.The stock last traded at $41.89 and had previously closed at $43.22.

Analysts Set New Price Targets

A number of brokerages have weighed in on TREE. JPMorgan Chase & Co. raised their target price 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. Needham & Company LLC dropped their price objective on shares of LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a report on Friday. Truist Financial reduced their target price on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a report on Monday. StockNews.com lowered LendingTree from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Northland Securities raised LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $64.13.

LendingTree Trading Down 6.5 %

The company has a market capitalization of $547.15 million, a P/E ratio of -15.01 and a beta of 1.76. The business has a fifty day moving average of $46.90 and a 200-day moving average of $45.10. 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 (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.25. The business had revenue of $239.70 million for the quarter, compared to analysts' expectations of $244.93 million. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The company's revenue was up 42.8% on a year-over-year basis. Analysts anticipate that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Scott Peyree bought 9,794 shares of LendingTree stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $46.13 per share, with a total value of $451,797.22. Following the transaction, the chief operating officer now directly owns 97,566 shares of the company's stock, valued at approximately $4,500,719.58. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently bought and sold shares of TREE. CWM LLC boosted its position in shares of LendingTree by 497.6% in the first quarter. CWM LLC now owns 4,775 shares of the financial services provider's stock valued at $240,000 after acquiring an additional 3,976 shares during the period. Emerald Advisers LLC increased its holdings in shares of LendingTree by 4.8% in the first quarter. Emerald Advisers LLC now owns 378,563 shares of the financial services provider's stock worth $19,030,000 after purchasing an additional 17,343 shares during the period. Emerald Mutual Fund Advisers Trust raised its position in shares of LendingTree by 3.7% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 249,505 shares of the financial services provider's stock worth $12,543,000 after buying an additional 9,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in LendingTree by 4,926.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider's stock valued at $114,000 after buying an additional 2,217 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in LendingTree by 68.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,921 shares of the financial services provider's stock worth $298,000 after acquiring an additional 2,397 shares during the last quarter. Institutional investors own 68.26% of the company's stock.

About LendingTree

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.

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