LendingTree (NASDAQ:TREE) Reaches New 1-Year Low at $41.80

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LendingTree (NASDAQ:TREE) Reaches New 1-Year Low at .80


LendingTree, Inc. (NASDAQ:TREE – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.80 and last traded at $41.80, with a volume of 524 shares. The stock had previously closed at $44.09.

Several research analysts have issued reports on TREE shares. Northland Securities lowered LendingTree from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Friday, May 6th. Needham & Company LLC dropped their target price on LendingTree from $105.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, June 24th. Susquehanna Bancshares dropped their target price on LendingTree from $180.00 to $160.00 in a report on Friday, May 6th. Susquehanna dropped their target price on LendingTree from $180.00 to $160.00 in a report on Friday, May 6th. Finally, William Blair restated an “outperform” rating on shares of LendingTree in a report on Friday, June 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.50.

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $526.09 million, a PE ratio of 14.56 and a beta of 1.72. The stock has a 50-day moving average of $55.73 and a 200-day moving average of $93.40.

LendingTree (NASDAQ:TREE – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The financial services provider reported ($0.62) EPS for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.40. LendingTree had a negative return on equity of 4.84% and a net margin of 3.54%. The company had revenue of $283.18 million during the quarter, compared to the consensus estimate of $283.65 million. During the same period last year, the business posted $0.18 earnings per share. LendingTree’s revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that LendingTree, Inc. will post -3.05 EPS for the current fiscal year.

In other news, Director Mark A. Ernst bought 10,000 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was acquired at an average cost of $65.67 per share, with a total value of $656,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $656,700. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 17.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP bought a new position in shares of LendingTree in the fourth quarter worth $20,751,000. Point72 Asset Management LP bought a new position in shares of LendingTree in the fourth quarter worth $18,807,000. HST Ventures LLC bought a new position in shares of LendingTree in the fourth quarter worth $10,992,000. Renaissance Technologies LLC boosted its holdings in shares of LendingTree by 121.4% in the fourth quarter. Renaissance Technologies LLC now owns 119,800 shares of the financial services provider’s stock worth $14,687,000 after acquiring an additional 65,700 shares during the period. Finally, Bernzott Capital Advisors boosted its holdings in shares of LendingTree by 38.3% in the first quarter. Bernzott Capital Advisors now owns 217,358 shares of the financial services provider’s stock worth $26,011,000 after acquiring an additional 60,154 shares during the period. 86.31% of the stock is owned by institutional investors and hedge funds.

About LendingTree (NASDAQ:TREE)

LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

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2022-07-15 07:31:13

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