Insider Selling: LendingTree, Inc. (NASDAQ:TREE) Director Sells 1,442 Shares of Stock

LendingTree, Inc. (NASDAQ:TREE) Director Gabriel Dalporto sold 1,442 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.17, for a total transaction of $72,345.14. Following the completion of the transaction, the director now directly owns 4,478 shares of the company’s stock, valued at approximately $224,661.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

LendingTree Trading Down 2.3 %

TREE traded down $1.12 during trading on Wednesday, hitting $47.81. 125,113 shares of the company’s stock were exchanged, compared to its average volume of 298,989. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 4.80. LendingTree, Inc. has a 1 year low of $10.12 and a 1 year high of $52.76. The stock has a 50 day moving average price of $40.17 and a 200 day moving average price of $30.66. The firm has a market cap of $632.53 million, a P/E ratio of -4.71 and a beta of 2.10.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. During the same period in the previous year, the firm earned ($0.53) earnings per share. As a group, analysts expect that LendingTree, Inc. will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On LendingTree

Several institutional investors have recently bought and sold shares of TREE. Shenkman Capital Management Inc. lifted its position in shares of LendingTree by 186.2% during the fourth quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock worth $10,413,000 after purchasing an additional 223,440 shares in the last quarter. Blue Grotto Capital LLC acquired a new position in shares of LendingTree during the fourth quarter worth $4,930,000. Kettle Hill Capital Management LLC acquired a new position in shares of LendingTree during the fourth quarter worth $2,361,000. Alta Park Capital LP acquired a new position in shares of LendingTree during the fourth quarter worth $2,297,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of LendingTree during the third quarter worth $1,031,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TREE. Needham & Company LLC upped their price objective on shares of LendingTree from $40.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Susquehanna upped their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. 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 research note on Wednesday, May 1st. Finally, Truist Financial reaffirmed a “buy” rating and set a $55.00 price objective (up previously from $37.00) on shares of LendingTree in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LendingTree has an average rating of “Moderate Buy” and a consensus 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.