LendingTree, Inc. (NASDAQ:TREE – Get Free Report) CFO Trent Ziegler sold 8,750 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.30, for a total transaction of $431,375.00. Following the completion of the sale, the chief financial officer now owns 5 shares of the company’s stock, valued at approximately $246.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
LendingTree Trading Down 2.3 %
LendingTree stock opened at $47.81 on Thursday. The stock has a 50-day moving average price of $40.42 and a 200 day moving average price of $30.78. LendingTree, Inc. has a 52 week low of $10.12 and a 52 week high of $52.76. The stock has a market cap of $632.29 million, a PE ratio of -4.61 and a beta of 2.10. 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 (NASDAQ:TREE – Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. The business had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. During the same period in the previous year, the firm posted ($0.53) earnings per share. Equities research analysts predict that LendingTree, Inc. will post -0.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
TREE has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price objective on shares of LendingTree from $40.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Keefe, Bruyette & Woods lifted their price target on LendingTree from $45.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Oppenheimer lifted their target price on shares of LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Susquehanna increased their price target on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, LendingTree has a consensus rating of “Moderate Buy” and an average target price of $48.50.
Read Our Latest Research Report on LendingTree
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.
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