LendingTree (NASDAQ:TREE) Shares Gap Up to $43.22

Shares of LendingTree, Inc. (NASDAQ:TREEGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $43.22, but opened at $44.26. LendingTree shares last traded at $43.70, with a volume of 4,318 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TREE shares. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Needham & Company LLC upped their price target on LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Truist Financial reaffirmed a “buy” rating and set a $55.00 target price (up previously from $37.00) on shares of LendingTree in a research report on Wednesday, May 1st. Finally, Susquehanna boosted their price objective on shares of LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.50.

View Our Latest Report on LendingTree

LendingTree Stock Performance

The company’s fifty day simple moving average is $42.28 and its 200-day simple moving average is $34.43. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 4.80.

LendingTree (NASDAQ:TREEGet Free Report) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.36. The business had revenue of $167.80 million for the quarter, compared to analysts’ expectations of $164.03 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. Analysts expect that LendingTree, Inc. will post -0.04 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven Ozonian sold 1,610 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $44.31, for a total value of $71,339.10. Following the transaction, the director now owns 6,784 shares of the company’s stock, valued at approximately $300,599.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Heather Novitsky sold 2,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.08, for a total transaction of $98,160.00. Following the completion of the transaction, the general counsel now directly owns 564 shares in the company, valued at $27,681.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven Ozonian sold 1,610 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $44.31, for a total transaction of $71,339.10. Following the sale, the director now directly owns 6,784 shares in the company, valued at $300,599.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,802 shares of company stock valued at $673,219. Company insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Several hedge funds have recently bought and sold shares of TREE. Shenkman Capital Management Inc. boosted its holdings in LendingTree by 186.2% in the 4th quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock valued at $10,413,000 after purchasing an additional 223,440 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in LendingTree during the 4th quarter worth $1,240,000. Los Angeles Capital Management LLC acquired a new position in shares of LendingTree in the fourth quarter valued at approximately $1,946,000. Cornerstone Wealth Management LLC acquired a new position in LendingTree in the 4th quarter valued at approximately $252,000. Finally, Acadian Asset Management LLC raised its stake in shares of LendingTree by 21.2% during the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock valued at $1,393,000 after acquiring an additional 15,765 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Company Profile

(Get Free Report)

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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