LendingTree, Inc. (NASDAQ:TREE – Get Free Report) 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 value of $98,160.00. Following the completion of the sale, the general counsel now directly owns 564 shares in the company, valued at approximately $27,681.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
LendingTree Price Performance
LendingTree stock 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. 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 12 month low of $10.12 and a 12 month high of $52.76. The stock’s 50 day moving average is $40.17 and its 200-day moving average is $30.66.
LendingTree (NASDAQ:TREE – Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.14. The firm had revenue of $134.40 million for 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 quarter last year, the business earned ($0.53) EPS. Equities research analysts expect that LendingTree, Inc. will post -0.04 EPS for the current year.
Institutional Trading of LendingTree
Analysts Set New Price Targets
TREE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on LendingTree from $45.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Needham & Company LLC upped their price target on shares of LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Oppenheimer boosted their price target on LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.
View Our Latest Stock Report on TREE
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.
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