LendingTree COO Peyree Scott acquires $1.38m in common stock

In recent transactions, Peyree Scott, the Chief Operating Officer of LendingTree, Inc. (NASDAQ:TREE), has acquired a substantial amount of the company’s common stock. On March 11 and 12, Scott purchased a total of 31,057 shares, amounting to approximately $1.38 million. The shares were acquired at prices ranging from $41.60 to $46.04 per share. The timing appears strategic, as InvestingPro data shows LendingTree’s stock has delivered a strong 18% return year-to-date, with analysts setting price targets between $60 and $72.

Following these transactions, Scott’s direct ownership in LendingTree has increased to 87,772 shares. Additionally, Scott holds shares indirectly through various trusts, bringing the total number of shares owned to 10,311. According to InvestingPro analysis, the company’s outlook appears promising, with net income expected to grow this year and four analysts revising their earnings estimates upward. Discover more insights about LendingTree’s financial health and growth potential with InvestingPro’s comprehensive research report, available alongside 1,400+ other detailed company analyses.

In other recent news, LendingTree reported a strong performance for the fourth quarter of 2024, surpassing earnings expectations with an earnings per share (EPS) of $1.16 against a projected loss of $0.14. The company’s revenue also exceeded forecasts, reaching $261.5 million compared to the anticipated $230.9 million. Following this announcement, several analysts adjusted their price targets for LendingTree. Truist Securities raised its target to $72, maintaining a Buy rating, while Needham and Keefe, Bruyette & Woods both lowered their targets to $65 and $66, respectively, but continued to recommend the stock with positive ratings.

LendingTree’s management has projected continued double-digit revenue growth across its segments for the first quarter and full year of 2025, with a focus on expanding its insurance and consumer sectors. The company attributes its success to increased demand in key areas such as home equity lines of credit and insurance lead generation. Analysts from Needham and KBW noted the company’s resilience in a challenging economic environment, with KBW highlighting LendingTree’s potential for sustained success despite a slight revision in its adjusted EBITDA estimate for 2025.

Truist Securities emphasized the company’s strong execution amid high-interest rates, expecting improved operating margins and reduced net leverage ratios. LendingTree’s strategic focus on diversification and operational efficiency has been acknowledged as a key factor in its robust performance and optimistic outlook for the upcoming fiscal year.

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