Insider Selling: LendingTree, Inc. (NASDAQ:TREE) General Counsel Sells 564 Shares of Stock

LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

LendingTree Stock Performance

LendingTree stock opened at $49.82 on Thursday. LendingTree, Inc. has a 12 month low of $14.95 and a 12 month high of $62.49. The company has a market cap of $665.69 million, a PE ratio of -18.45 and a beta of 2.11. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The company has a fifty day moving average price of $55.09 and a two-hundred day moving average price of $49.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC increased its stake in LendingTree by 185.2% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 12,889 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of LendingTree by 697.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 11,049 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in shares of LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after acquiring an additional 23,995 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in shares of LendingTree in the third quarter valued at approximately $3,651,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in LendingTree by 6.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after acquiring an additional 22,581 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TREE shares. Keefe, Bruyette & Woods raised their target price on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC boosted their price objective on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Truist Financial lifted their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their target price on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Northland Securities upped their price target on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, LendingTree has a consensus rating of “Moderate Buy” and an average price target of $64.00.

About LendingTree

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.