LendingTree (NASDAQ:TREE) Shares Gap Up to $43.82

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LendingTree (NASDAQ:TREE) Shares Gap Up to .82


Shares of LendingTree, Inc. (NASDAQ:TREE – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at $43.82, but opened at $44.83. LendingTree shares last traded at $45.15, with a volume of 1,105 shares traded.

Several analysts have commented on the stock. William Blair reaffirmed an “outperform” rating on shares of LendingTree in a research note on Friday, June 3rd. Susquehanna Bancshares lowered their target price on shares of LendingTree from $180.00 to $160.00 in a research note on Friday, May 6th. Susquehanna lowered their target price on shares of LendingTree from $180.00 to $160.00 in a research note on Friday, May 6th. Needham & Company LLC decreased their price target on shares of LendingTree from $105.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, June 24th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of LendingTree in a report on Monday, March 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, LendingTree has an average rating of “Moderate Buy” and a consensus price target of $149.50.

The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $588.26 million, a price-to-earnings ratio of 16.28 and a beta of 1.62. The stock’s fifty day simple moving average is $62.50 and its two-hundred day simple moving average is $98.02.

LendingTree (NASDAQ:TREE – Get Rating) last posted its earnings results on Thursday, May 5th. The financial services provider reported ($0.62) earnings per share for the quarter, beating the consensus estimate of ($1.02) by $0.40. The business had revenue of $283.18 million for the quarter, compared to analyst estimates of $283.65 million. LendingTree had a net margin of 3.54% and a negative return on equity of 4.84%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. Analysts predict that LendingTree, Inc. will post -2.07 EPS for the current fiscal year.

In other LendingTree news, Director Mark A. Ernst bought 10,000 shares of LendingTree stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average price of $65.67 per share, for a total transaction of $656,700.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $656,700. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 16.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of TREE. UBS Asset Management Americas Inc. lifted its holdings in LendingTree by 96.1% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 29,990 shares of the financial services provider’s stock worth $4,194,000 after buying an additional 14,700 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in LendingTree in the 4th quarter worth $1,841,000. State of Alaska Department of Revenue lifted its holdings in LendingTree by 350.6% in the 4th quarter. State of Alaska Department of Revenue now owns 8,120 shares of the financial services provider’s stock worth $995,000 after buying an additional 6,318 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in LendingTree by 93.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the financial services provider’s stock worth $687,000 after buying an additional 2,700 shares in the last quarter. Finally, Bristlecone Advisors LLC acquired a new position in LendingTree in the 4th quarter worth $473,000. Hedge funds and other institutional investors own 86.31% of the company’s stock.

LendingTree Company Profile (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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2022-07-03 06:08:25

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