LendingTree (NASDAQ:TREE) Given Overweight Rating at Stephens

Stephens restated their overweight rating on shares of LendingTree (NASDAQ:TREE) in a report published on Thursday morning, Benzinga reports. The firm currently has a $55.00 price objective on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Truist Financial reaffirmed a buy rating and issued a $55.00 price objective (up previously from $37.00) on shares of LendingTree in a report on Wednesday, May 1st. StockNews.com raised shares of LendingTree from a hold rating to a buy rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a report on Wednesday, February 28th. Needham & Company LLC reissued a buy rating and issued a $56.00 price target on shares of LendingTree in a report on Thursday. Finally, Susquehanna upped their price target on shares of LendingTree from $15.00 to $27.00 and gave the company a neutral rating in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, LendingTree presently has an average rating of Moderate Buy and an average price target of $49.43.

LendingTree Stock Performance

TREE stock opened at $40.79 on Thursday. The company has a market capitalization of $539.65 million, a P/E ratio of -3.93 and a beta of 2.13. The company has a 50-day simple moving average of $42.88 and a 200 day simple moving average of $36.96. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $52.76. 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:TREE) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.36. The business had revenue of $167.80 million during the quarter, compared to the consensus estimate of $164.03 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. Sell-side analysts predict that LendingTree will post -0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LendingTree news, CFO Trent Ziegler sold 8,750 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.30, for a total transaction of $431,375.00. Following the sale, the chief financial officer now owns 5 shares in the company, valued at approximately $246.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, General Counsel Heather Novitsky sold 2,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.08, for a total value of $98,160.00. Following the transaction, the general counsel now owns 564 shares in the company, valued at approximately $27,681.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Trent Ziegler sold 8,750 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.30, for a total value of $431,375.00. Following the completion of the transaction, the chief financial officer now owns 5 shares in the company, valued at approximately $246.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,802 shares of company stock worth $673,219. Company insiders own 23.40% of the company’s stock.

Hedge Funds Weigh In On LendingTree

Large investors have recently made changes to their positions in the business. Shenkman Capital Management Inc. increased its holdings in shares of 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. Alta Park Capital LP acquired a new position in LendingTree in the fourth quarter worth approximately $2,297,000. Dynamic Technology Lab Private Ltd acquired a new position in LendingTree in the fourth quarter worth approximately $1,240,000. Blue Grotto Capital LLC acquired a new position in LendingTree in the fourth quarter worth approximately $4,930,000. Finally, Los Angeles Capital Management LLC acquired a new position in LendingTree in the fourth quarter worth approximately $1,946,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.