LendingTree, Inc. (NASDAQ:TREE – Get Free Report) Director Gabriel Dalporto sold 1,442 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.17, for a total transaction of $72,345.14. Following the completion of the transaction, the director now directly owns 4,478 shares of the company’s stock, valued at approximately $224,661.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
LendingTree Trading Down 2.3 %
TREE traded down $1.12 during trading on Wednesday, hitting $47.81. 125,113 shares of the company’s stock were exchanged, compared to its average volume of 298,989. 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 1 year low of $10.12 and a 1 year high of $52.76. The stock has a 50 day moving average price of $40.17 and a 200 day moving average price of $30.66. The firm has a market cap of $632.53 million, a P/E ratio of -4.71 and a beta of 2.10.
LendingTree (NASDAQ:TREE – Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.14. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. The company had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. During the same period in the previous year, the firm earned ($0.53) earnings per share. As a group, analysts expect that LendingTree, Inc. will post -0.04 EPS for the current fiscal year.
Institutional Investors Weigh In On LendingTree
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TREE. Needham & Company LLC upped their price objective on shares of LendingTree from $40.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Susquehanna upped their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods upped their price objective on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Truist Financial reaffirmed a “buy” rating and set a $55.00 price objective (up previously from $37.00) on shares of LendingTree in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LendingTree has an average rating of “Moderate Buy” and a consensus price target of $48.50.
View Our Latest Stock Report on LendingTree
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.
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