Algert Global LLC Acquires New Shares in LendingTree, Inc. (NASDAQ:TREE)

Algert Global LLC acquired a new stake in LendingTree, Inc. (NASDAQ:TREE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,384 shares of the financial services provider’s stock, valued at approximately $441,000.

A number of other large investors have also recently added to or reduced their stakes in TREE. New Age Alpha Advisors LLC acquired a new position in LendingTree in the fourth quarter valued at approximately $36,000. Tower Research Capital LLC TRC lifted its holdings in LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 848 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in LendingTree in the fourth quarter valued at approximately $54,000. CANADA LIFE ASSURANCE Co acquired a new position in LendingTree in the fourth quarter valued at approximately $56,000. Finally, KLP Kapitalforvaltning AS acquired a new position in LendingTree in the fourth quarter valued at approximately $70,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LendingTree

In related news, COO Scott Peyree acquired 21,045 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $41.69 per share, with a total value of $877,366.05. Following the completion of the transaction, the chief operating officer now owns 76,760 shares of the company’s stock, valued at $3,200,124.40. The trade was a 37.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.10% of the company’s stock.

LendingTree Stock Down 0.6%

LendingTree stock opened at $38.74 on Monday. LendingTree, Inc. has a twelve month low of $34.55 and a twelve month high of $62.49. The stock’s fifty day simple moving average is $46.80 and its 200-day simple moving average is $44.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $524.35 million, a P/E ratio of -14.35 and a beta of 1.76.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.25. LendingTree had a positive return on equity of 0.51% and a negative net margin of 4.72%. The business had revenue of $239.70 million for the quarter, compared to analyst estimates of $244.93 million. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. As a group, equities analysts expect that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TREE has been the topic of a number of recent analyst reports. Needham & Company LLC decreased their price objective on LendingTree from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Truist Financial cut their target price on LendingTree from $72.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Tuesday, January 21st. Finally, StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research report on Sunday. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.13.

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.