LendingTree, Inc. (NASDAQ:TREE – Get Rating) – Research analysts at Oppenheimer issued their Q1 2023 earnings per share estimates for shares of LendingTree in a research note issued to investors on Monday, February 27th. Oppenheimer analyst J. Kelly forecasts that the financial services provider will post earnings of ($1.08) per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $40.00 target price on the stock. The consensus estimate for LendingTree’s current full-year earnings is ($3.45) per share. Oppenheimer also issued estimates for LendingTree’s Q4 2023 earnings at ($0.67) EPS.
LendingTree (NASDAQ:TREE – Get Rating) last released its quarterly earnings data on Monday, February 27th. The financial services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.72. LendingTree had a negative return on equity of 14.55% and a negative net margin of 19.08%. The firm had revenue of $202.10 million during the quarter, compared to analyst estimates of $208.13 million. During the same quarter in the prior year, the firm posted ($1.23) earnings per share. The business’s quarterly revenue was down 21.8% compared to the same quarter last year.
LendingTree Price Performance
Shares of LendingTree stock opened at $33.00 on Thursday. The company’s fifty day simple moving average is $33.29 and its two-hundred day simple moving average is $28.96. LendingTree has a 12-month low of $17.59 and a 12-month high of $129.30. The firm has a market cap of $421.94 million, a PE ratio of -2.24 and a beta of 1.93. The company has a quick ratio of 4.48, a current ratio of 5.02 and a debt-to-equity ratio of 3.91.
Insider Buying and Selling
In other LendingTree news, CEO Douglas R. Lebda bought 65,062 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was acquired at an average price of $32.03 per share, with a total value of $2,083,935.86. Following the completion of the purchase, the chief executive officer now owns 65,062 shares of the company’s stock, valued at $2,083,935.86. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Douglas R. Lebda purchased 65,062 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were bought at an average price of $32.03 per share, for a total transaction of $2,083,935.86. Following the purchase, the chief executive officer now directly owns 65,062 shares of the company’s stock, valued at approximately $2,083,935.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas R. Lebda sold 40,000 shares of LendingTree stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $22.74, for a total value of $909,600.00. Following the transaction, the chief executive officer now owns 960,000 shares of the company’s stock, valued at approximately $21,830,400. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by insiders.
Institutional Trading of LendingTree
Several institutional investors have recently bought and sold shares of TREE. Vanguard Group Inc. lifted its stake in shares of LendingTree by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,260,887 shares of the financial services provider’s stock worth $150,890,000 after buying an additional 26,934 shares in the last quarter. Monaco Asset Management SAM lifted its position in LendingTree by 1,754.4% in the 4th quarter. Monaco Asset Management SAM now owns 333,798 shares of the financial services provider’s stock valued at $7,120,000 after acquiring an additional 315,798 shares in the last quarter. Federated Hermes Inc. boosted its stake in LendingTree by 2.4% during the 3rd quarter. Federated Hermes Inc. now owns 267,026 shares of the financial services provider’s stock valued at $6,371,000 after purchasing an additional 6,236 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of LendingTree by 5.7% in the 4th quarter. Renaissance Technologies LLC now owns 257,200 shares of the financial services provider’s stock worth $5,486,000 after purchasing an additional 13,800 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of LendingTree by 6.3% in the fourth quarter. Morgan Stanley now owns 234,117 shares of the financial services provider’s stock worth $4,994,000 after purchasing an additional 13,844 shares during the last quarter. 83.16% of the stock is owned by hedge funds and other institutional investors.
LendingTree, Inc engages in the operation of an online loan marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer, and Insurance. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit and reverse mortgage loans and real estate.
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