LendingTree, Inc. (NASDAQ:TREE) CFO Trent Ziegler Sells 8,750 Shares

LendingTree, Inc. (NASDAQ:TREE) CFO Trent Ziegler sold 8,750 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.30, for a total transaction of $431,375.00. Following the sale, the chief financial officer now directly owns 5 shares in the company, valued at approximately $246.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

LendingTree Stock Performance

Shares of TREE opened at $48.93 on Wednesday. The company has a market capitalization of $647.34 million, a price-to-earnings ratio of -4.71 and a beta of 2.10. LendingTree, Inc. has a 52-week low of $10.12 and a 52-week high of $52.76. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 4.80. The stock has a 50 day moving average price of $40.17 and a 200 day moving average price of $30.66.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TREE shares. Susquehanna upped their target price on shares of LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer lifted their target price on LendingTree from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price target on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $55.00 price target (up previously from $37.00) on shares of LendingTree in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.50.

Institutional Trading of LendingTree

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in LendingTree during the 4th quarter worth approximately $252,000. Acadian Asset Management LLC grew its position in shares of LendingTree by 21.2% during the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 15,765 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of LendingTree by 26.5% during the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after acquiring an additional 39,745 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of LendingTree by 0.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock valued at $5,352,000 after acquiring an additional 2,952 shares during the period. Finally, Shenkman Capital Management Inc. purchased a new stake in LendingTree in the 3rd quarter valued at $1,860,000. Institutional investors and hedge funds 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.