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

LendingTree, Inc. (NASDAQ:TREE) Director Gabriel Dalporto sold 1,442 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $50.17, for a total value 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 $224,661.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

LendingTree Stock Down 2.3 %

LendingTree stock opened at $47.81 on Thursday. The firm has a 50 day simple moving average of $40.42 and a 200 day simple moving average of $30.78. 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 firm has a market capitalization of $632.29 million, a price-to-earnings ratio of -4.61 and a beta of 2.10.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.14. The company had revenue of $134.40 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned ($0.53) earnings per share. On average, analysts predict that LendingTree, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TREE has been the topic of several research analyst reports. Truist Financial reissued a “buy” rating and issued a $55.00 price objective (up previously from $37.00) on shares of LendingTree in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on shares of LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Susquehanna raised their price objective on shares of LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Needham & Company LLC boosted their target price 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. Finally, Oppenheimer raised their price target on shares of LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.50.

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently bought and sold shares of TREE. Headlands Technologies LLC boosted its holdings in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of LendingTree by 78.9% in 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 purchased a new stake in shares of LendingTree in the fourth quarter worth $103,000. SG Americas Securities LLC boosted its stake in LendingTree by 109.9% during 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 LendingTree by 36.4% during the third 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 in the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.