Gabriel Dalporto Sells 1,442 Shares of LendingTree, Inc. (NASDAQ:TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) Director Gabriel Dalporto sold 1,442 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $50.17, for a total transaction of $72,345.14. Following the sale, the director now directly owns 4,478 shares of the company’s stock, valued at approximately $224,661.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

LendingTree Stock Down 2.3 %

LendingTree stock opened at $47.81 on Thursday. 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 debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 3.71. The stock’s fifty day moving average is $40.42 and its two-hundred day moving average is $30.78. LendingTree, Inc. has a 1-year low of $10.12 and a 1-year high of $52.76.

LendingTree (NASDAQ:TREE) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.14. The business had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.55 million. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. During the same quarter last year, the company earned ($0.53) EPS. On average, sell-side analysts expect that LendingTree, Inc. will post -0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its position in shares of LendingTree by 109.9% during the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 5,276 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in LendingTree by 13.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,727 shares of the financial services provider’s stock worth $492,000 after buying an additional 3,864 shares during the period. Olympiad Research LP lifted its stake in LendingTree by 36.4% in the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock valued at $194,000 after buying an additional 3,336 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of LendingTree in the third quarter valued at approximately $205,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of LendingTree by 26.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock valued at $2,943,000 after acquiring an additional 39,745 shares during the period. 68.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TREE. JPMorgan Chase & Co. increased their price target on LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Susquehanna boosted their target price on LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer increased their target price on shares of LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods raised their price target on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.50.

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.