Lendingtree Inc (NASDAQ:TREE) insider Carla Shumate sold 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $343.72, for a total value of $1,649,856.00. Following the completion of the transaction, the insider now directly owns 7,227 shares in the company, valued at approximately $2,484,064.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Carla Shumate also recently made the following trade(s):
- On Thursday, November 16th, Carla Shumate sold 2,414 shares of Lendingtree stock. The shares were sold at an average price of $275.00, for a total value of $663,850.00.
Lendingtree Inc (NASDAQ TREE) traded down $7.98 during midday trading on Thursday, reaching $344.57. The company’s stock had a trading volume of 61,271 shares, compared to its average volume of 199,251. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. Lendingtree Inc has a 12-month low of $111.88 and a 12-month high of $404.40. The company has a market capitalization of $4,075.38, a PE ratio of 151.52, a PEG ratio of 1.84 and a beta of 1.63.
Several equities analysts have recently commented on TREE shares. Zacks Investment Research downgraded Lendingtree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Oppenheimer upped their target price on Lendingtree from $245.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Bank of America reaffirmed a “buy” rating and issued a $425.00 target price on shares of Lendingtree in a research report on Tuesday, January 23rd. Stephens boosted their price target on Lendingtree from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Citigroup reiterated an “outperform” rating and issued a $290.00 price target on shares of Lendingtree in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Lendingtree presently has an average rating of “Buy” and an average target price of $288.85.
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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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