Diego Rodriguez Sells 1,200 Shares of LendingTree (NASDAQ:TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) Director Diego Rodriguez sold 1,200 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $69.78, for a total value of $83,736.00. Following the completion of the transaction, the director owned 8,113 shares in the company, valued at $566,125.14. The trade was a 12.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

LendingTree Trading Down 2.0%

Shares of TREE stock opened at $67.72 on Thursday. LendingTree, Inc. has a fifty-two week low of $33.50 and a fifty-two week high of $70.72. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $47.64 and its two-hundred day moving average is $44.57. The firm has a market capitalization of $922.35 million, a P/E ratio of -16.68 and a beta of 1.58.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.09 by $0.04. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.The business had revenue of $250.10 million for the quarter, compared to analyst estimates of $244.03 million. The company’s quarterly revenue was up 19.0% on a year-over-year basis. Research analysts expect that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TREE has been the topic of several analyst reports. Wall Street Zen upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Keefe, Bruyette & Woods upgraded LendingTree from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 22nd. Needham & Company LLC lifted their price target on LendingTree from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Truist Financial set a $62.00 price target on LendingTree and gave the stock a “buy” rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $65.38.

Institutional Trading of LendingTree

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in LendingTree by 281.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider’s stock valued at $42,000 after buying an additional 826 shares during the period. Ameritas Investment Partners Inc. raised its holdings in LendingTree by 25.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock valued at $42,000 after buying an additional 230 shares during the period. Tower Research Capital LLC TRC raised its holdings in LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock valued at $46,000 after buying an additional 848 shares during the period. CANADA LIFE ASSURANCE Co acquired a new position in LendingTree in the 4th quarter valued at about $56,000. Finally, AlphaQuest LLC grew its position in LendingTree by 806.4% in the 1st quarter. AlphaQuest LLC now owns 1,985 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,766 shares in the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

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.