LendingTree's (TREE) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• LendingTree's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, amidst a range of ratings from different analysts, including several "buy" and "strong-buy" ratings.
• The stock is currently priced at $59.61, with a market cap of approximately $811.89 million, and has seen significant trading activity recently.
• Insider activity includes significant shares sold by Director Diego A. Rodriguez and CFO Jason Bengel, indicating decreased ownership stakes in the company.

LendingTree (NASDAQ:TREE - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

TREE has been the topic of several other reports. Truist Financial set a $62.00 price target on LendingTree and gave the stock a "buy" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods upgraded LendingTree from a "moderate buy" rating to a "strong-buy" rating in a report on Friday, August 22nd. Needham & Company LLC raised their price target on LendingTree from $62.00 to $70.00 and gave the company a "buy" rating in a report on Friday, August 1st. Zacks Research downgraded LendingTree from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Wall Street Zen upgraded LendingTree from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, LendingTree presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.38.

LendingTree Stock Up 1.0%

TREE stock traded up $0.57 during midday trading on Wednesday, hitting $59.61. The stock had a trading volume of 185,937 shares, compared to its average volume of 199,839. The firm has a market cap of $811.89 million, a price-to-earnings ratio of -14.68 and a beta of 1.71. The business has a 50-day moving average of $65.32 and a two-hundred day moving average of $49.60. LendingTree has a 52-week low of $33.50 and a 52-week high of $77.35. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.22 and a quick ratio of 1.22.

LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.04. The company had revenue of $250.10 million for the quarter, compared to analysts' expectations of $244.03 million. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.The firm's revenue was up 19.0% on a year-over-year basis. As a group, equities research analysts forecast that LendingTree will post 0.48 earnings per share for the current fiscal year.

Insider Activity at LendingTree

In other LendingTree news, Director Diego A. Rodriguez sold 1,200 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $69.78, for a total value of $83,736.00. Following the transaction, the director owned 8,113 shares of the company's stock, valued at approximately $566,125.14. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Bengel sold 6,469 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.86, for a total value of $445,455.34. Following the completion of the transaction, the chief financial officer directly owned 6,517 shares in the company, valued at approximately $448,760.62. This represents a 49.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,669 shares of company stock valued at $598,331 over the last ninety days. Insiders own 23.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its stake in shares of LendingTree by 25.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider's stock worth $42,000 after buying an additional 230 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of LendingTree by 281.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider's stock worth $42,000 after buying an additional 826 shares during the period. AlphaQuest LLC raised its stake in shares of LendingTree by 11.4% in the second quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider's stock worth $82,000 after buying an additional 227 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LendingTree by 4,926.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider's stock worth $114,000 after buying an additional 2,217 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of LendingTree in the second quarter worth about $122,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.