LendingTree (NASDAQ:TREE) Stock Crosses Above Two Hundred Day Moving Average of $37.98

LendingTree, Inc. (NASDAQ:TREE) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.98 and traded as high as $42.03. LendingTree shares last traded at $39.74, with a volume of 103,620 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TREE shares. Oppenheimer upped their target price on LendingTree from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Stephens reiterated an “overweight” rating and issued a $55.00 price objective on shares of LendingTree in a research note on Thursday, June 20th. Truist Financial reissued a “buy” rating and set a $55.00 target price (up previously from $37.00) on shares of LendingTree in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price target on shares of LendingTree in a research note on Thursday, June 20th. Finally, StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.43.

LendingTree Price Performance

The stock’s fifty day moving average is $43.57 and its 200-day moving average is $37.98. 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 has a market capitalization of $525.76 million, a P/E ratio of -3.83 and a beta of 2.11.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.36. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. The company had revenue of $167.80 million during the quarter, compared to the consensus estimate of $164.03 million. On average, equities analysts anticipate that LendingTree, Inc. will post -0.01 earnings per share for the current year.

Insider Buying and Selling at LendingTree

In other LendingTree news, 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 transaction of $431,375.00. Following the completion of the sale, the chief financial officer now directly owns 5 shares in the company, valued at $246.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Trent Ziegler sold 8,750 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 5 shares in the company, valued at $246.50. The sale 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 firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $44.31, for a total transaction of $71,339.10. Following the completion of the sale, the director now owns 6,784 shares in the company, valued at approximately $300,599.04. The disclosure for this sale can be found here. Insiders have sold a total of 13,802 shares of company stock worth $673,219 over the last 90 days. Insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TREE. Shenkman Capital Management Inc. raised its stake 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 buying an additional 223,440 shares in the last quarter. Alta Park Capital LP bought a new stake in LendingTree in the fourth quarter valued at about $2,297,000. Dynamic Technology Lab Private Ltd acquired a new position in LendingTree in the fourth quarter worth about $1,240,000. Blue Grotto Capital LLC bought a new position in LendingTree during the fourth quarter worth about $4,930,000. Finally, Los Angeles Capital Management LLC acquired a new stake in LendingTree during the fourth quarter valued at 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.