LendingTree, Inc. (NASDAQ:TREE – Get Rating) Director Mark A. Ernst purchased 10,000 shares of LendingTree in a transaction that took place on Thursday, May 11th. The stock was acquired at an average price of $18.28 per share for a total value of $182,800.00. Following the transaction, the director now owns 30,216 shares of the Company, valued at approximately $552,348.48. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website.
LendingTree stock performance
TREE shares were down $0.67 in midday trade on Friday to hit $17.65. The company’s trading volume was 239,249 shares compared to an average volume of 286,498. The company has a debt to equity ratio of 2.71, a short term ratio of 2.85 and a current ratio of 2.85. The company has a market cap of $227.86 million, a P/E of -1.35 and a beta of 1.89. LendingTree, Inc. has a 12-month low of $16.02 and a 12-month high of $70.59. The 50-day moving average price of the stock is $24.55 and the 200-day moving average price is $27.11.
LendingTree (NASDAQ:TREE – Get Rating) last released its quarterly earnings results on Monday, February 27th. The financial services firm reported earnings per share (EPS) of $0.38 for the quarter, beating the consensus estimate of ($0.34) by $0.72. LendingTree had a negative net margin of 18.14% and a negative return on equity of 16.17%. The company had revenue of $202.10 million for the quarter, compared to analyst estimates of $208.13 million. In the year-ago quarter, the company reported earnings per share ($1.23). LendingTree’s quarterly revenue declined 21.8% compared to the prior-year quarter. On average, analysts are forecasting that LendingTree, Inc. will report earnings per share of -1.95 for the current fiscal year.
Institutional inflows and outflows
Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in LendingTree by 59.1% in the second quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider, valued at $32,000, after purchasing an additional 267 shares during the period. Acadian Asset Management LLC bought a new stake in LendingTree stock valued at approximately $99,000 during the first quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in LendingTree valued at around $34,000 in Q4. PNC Financial Services Group Inc. increased its stake in LendingTree by 136.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,705 shares of the financial services provider, valued at $36,000, after buying an additional 984 shares last quarter. Finally, Asset Management One Co. Ltd. its stake in LendingTree rose 69.4% in the third quarter. Asset Management One Co.Ltd. now owns 1,757 shares of the financial services firm, valued at $41,000, after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 83.16% of the company’s shares.
Wall Street analysts forecast growth
TREE has been the subject of a number of recent research reports. Northland Securities lowered its price target on LendingTree shares to $24.00 from $35.00 in a research note on Wednesday, May 3. Stephens reiterated its “overweight” rating and set a price target of $48.00 for shares of LendingTree in a research note on Thursday, March 30. Oppenheimer raised its price target on LendingTree to $40.00 from $35.00 and gave the stock a “Outperform” rating in a research note on Tuesday, February 28. Truist Financial lowered its price target on LendingTree to $27.00 from $42.00 in a report Wednesday, May 3. Finally, StockNews.com began reporting on LendingTree in a report on Thursday, March 16th. They assigned a “hold” rating to the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Moderate Buy and a consensus price target of $34.75, according to data from MarketBeat.
LendingTree company profile
LendingTree, Inc operates an online credit marketplace for consumers seeking credit and other credit-based offerings. The company operates through the following segments: Household, Consumer and Insurance. The Home segment includes purchase mortgages, refinance mortgages, home equity loans and lines of credit, and reverse mortgage loans and real estate.
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