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 LendingTree stock in a transaction on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

LendingTree Stock Performance

LendingTree stock opened at $54.01 on Wednesday. The stock has a fifty day moving average of $55.22 and a two-hundred day moving average of $49.82. LendingTree, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TREE. Oppenheimer raised their price target on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Susquehanna boosted their target price on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Stephens increased their price target on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Truist Financial raised their price objective on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares during the last quarter. nVerses Capital LLC lifted its position in LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after buying an additional 800 shares during the period. Headlands Technologies LLC boosted its stake in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after buying an additional 270 shares during the last quarter. Quest Partners LLC purchased a new stake in LendingTree in the 2nd quarter valued at about $132,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of LendingTree during the 2nd quarter valued at about $139,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.