Heather Novitsky Sells 2,000 Shares of LendingTree, Inc. (NASDAQ:TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Novitsky sold 2,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.08, for a total value of $98,160.00. Following the sale, the general counsel now owns 564 shares of the company’s stock, valued at $27,681.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

LendingTree Stock Down 2.3 %

LendingTree stock opened at $47.81 on Thursday. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 4.80. The firm’s fifty day moving average price is $40.42 and its two-hundred day moving average price is $30.78. The firm has a market capitalization of $632.29 million, a price-to-earnings ratio of -4.61 and a beta of 2.10. LendingTree, Inc. has a 1-year low of $10.12 and a 1-year high of $52.76.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The business had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. During the same quarter in the previous year, the business earned ($0.53) EPS. On average, equities research analysts predict that LendingTree, Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LendingTree

Several institutional investors have recently bought and sold shares of TREE. Headlands Technologies LLC grew its stake in shares of LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 270 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in LendingTree by 1.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 553 shares during the last quarter. Tower Research Capital LLC TRC grew its position in LendingTree by 78.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 1,321 shares in the last quarter. Qube Research & Technologies Ltd grew its position in LendingTree by 1.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock worth $1,805,000 after purchasing an additional 1,568 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in LendingTree by 8.9% in the 4th quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock valued at $729,000 after buying an additional 1,957 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TREE. JPMorgan Chase & Co. lifted their target price on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Truist Financial reissued a “buy” rating and set a $55.00 target price (up from $37.00) on shares of LendingTree in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods upped their price objective on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC upped their price target on LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, LendingTree currently has a consensus rating of “Moderate Buy” and an average price target of $48.50.

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.