Insider Selling: LendingTree, Inc. (NASDAQ:TREE) General Counsel Sells $98,160.00 in Stock

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

LendingTree Price Performance

NASDAQ TREE opened at $48.26 on Friday. The stock has a market capitalization of $638.24 million, a P/E ratio of -4.65 and a beta of 2.10. LendingTree, Inc. has a 1 year low of $10.12 and a 1 year high of $52.76. The business’s fifty day moving average is $40.59 and its two-hundred day moving average is $30.90. The company has a debt-to-equity ratio of 4.80, a quick ratio of 3.71 and a current ratio of 3.71.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. upped their price objective on shares of 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 previously from $37.00) on shares of LendingTree in a research note on Wednesday, May 1st. Susquehanna increased their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Oppenheimer boosted their target price on LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

Hedge Funds Weigh In On LendingTree

Large investors have recently modified their holdings of the stock. Headlands Technologies LLC raised its position in 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 purchasing an additional 270 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of LendingTree by 78.9% during the fourth 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 during the period. Quest Partners LLC bought a new stake in LendingTree in the fourth quarter valued at about $103,000. SG Americas Securities LLC lifted its stake in LendingTree by 109.9% in the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock valued at $156,000 after buying an additional 5,276 shares during the period. Finally, Olympiad Research LP grew its position in shares of LendingTree by 36.4% during the 3rd quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock worth $194,000 after buying an additional 3,336 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.