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

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

LendingTree Price Performance

TREE stock opened at $48.26 on Friday. The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 3.71. The firm has a market capitalization of $638.24 million, a P/E ratio of -4.65 and a beta of 2.10. The business’s 50-day moving average is $40.59 and its two-hundred day moving average is $30.90. LendingTree, Inc. has a 1 year low of $10.12 and a 1 year high of $52.76.

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

Institutional Investors Weigh In On LendingTree

Several hedge funds and other institutional investors have recently made changes to their positions in TREE. Shenkman Capital Management Inc. raised its position in shares of LendingTree by 186.2% during the 4th quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock worth $10,413,000 after acquiring an additional 223,440 shares in the last quarter. Blue Grotto Capital LLC acquired a new stake in shares of LendingTree during the 4th quarter worth about $4,930,000. Kettle Hill Capital Management LLC acquired a new stake in shares of LendingTree during the 4th quarter worth about $2,361,000. Alta Park Capital LP acquired a new stake in shares of LendingTree during the 4th quarter worth about $2,297,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of LendingTree during the 3rd quarter worth about $1,031,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Analyst Ratings Changes

TREE has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Susquehanna increased their target price on LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a research note 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. Needham & Company LLC increased their target price on LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Oppenheimer increased their target price on LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.