LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $299.13, for a total value of $2,393,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
LendingTree, Inc. (TREE) traded up $4.15 during trading on Thursday, hitting $301.95. The stock had a trading volume of 191,451 shares, compared to its average volume of 191,830. LendingTree, Inc. has a 52-week low of $96.20 and a 52-week high of $307.00. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3,661.85, a price-to-earnings ratio of 92.99, a P/E/G ratio of 3.12 and a beta of 1.51.
LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 81.3% on a year-over-year basis. research analysts forecast that LendingTree, Inc. will post 3.06 earnings per share for the current year.
Several analysts have recently commented on the company. Oppenheimer increased their price objective on LendingTree from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Northland Securities reissued a “buy” rating and issued a $280.00 target price on shares of LendingTree in a research report on Thursday, October 26th. Zacks Investment Research raised LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 target price for the company in a research report on Thursday, November 2nd. Citigroup reissued an “outperform” rating and issued a $290.00 target price on shares of LendingTree in a research report on Friday, October 27th. Finally, Stephens raised their target price on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $247.08.
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LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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