Lendingtree (TREE) Given a $300.00 Price Target at Oppenheimer

Oppenheimer set a $300.00 price target on Lendingtree (NASDAQ:TREE) in a report released on Wednesday. The brokerage currently has a buy rating on the financial services provider’s stock. Oppenheimer also issued estimates for Lendingtree’s Q1 2019 earnings at $1.03 EPS, Q1 2019 earnings at $0.85 EPS, Q2 2019 earnings at $1.26 EPS, Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $2.07 EPS, Q3 2019 earnings at $2.04 EPS, Q4 2019 earnings at $1.62 EPS, FY2019 earnings at $5.78 EPS and FY2020 earnings at $7.42 EPS.

Several other brokerages have also weighed in on TREE. BidaskClub raised shares of Lendingtree from a sell rating to a hold rating in a report on Wednesday, September 5th. ValuEngine raised shares of Lendingtree from a sell rating to a hold rating in a report on Saturday, September 1st. Northland Securities lowered shares of Lendingtree from an outperform rating to a market perform rating in a report on Monday, November 12th. Deutsche Bank decreased their price objective on shares of Lendingtree from $290.00 to $270.00 and set a hold rating for the company in a report on Thursday, August 16th. Finally, Zacks Investment Research raised shares of Lendingtree from a hold rating to a buy rating and set a $253.00 price objective for the company in a report on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $323.88.

Shares of TREE stock opened at $243.50 on Wednesday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 80.63, a P/E/G ratio of 1.91 and a beta of 2.18. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. Lendingtree has a 1-year low of $183.25 and a 1-year high of $404.40.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.61. The company had revenue of $197.10 million during the quarter, compared to analyst estimates of $199.28 million. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. Equities analysts forecast that Lendingtree will post 3.69 earnings per share for the current fiscal year.

In other news, Director Steven Ozonian sold 975 shares of Lendingtree stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $247.83, for a total value of $241,634.25. Following the completion of the transaction, the director now directly owns 7,344 shares of the company’s stock, valued at approximately $1,820,063.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 20.50% of the company’s stock.

A number of large investors have recently modified their holdings of TREE. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Lendingtree by 48.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 559,424 shares of the financial services provider’s stock valued at $128,723,000 after purchasing an additional 181,491 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its position in Lendingtree by 47.4% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 561,873 shares of the financial services provider’s stock valued at $129,231,000 after purchasing an additional 180,718 shares during the last quarter. Victory Capital Management Inc. lifted its position in Lendingtree by 150.9% in the 2nd quarter. Victory Capital Management Inc. now owns 286,528 shares of the financial services provider’s stock valued at $61,259,000 after purchasing an additional 172,310 shares during the last quarter. Macquarie Group Ltd. lifted its position in Lendingtree by 84.2% in the 2nd quarter. Macquarie Group Ltd. now owns 353,187 shares of the financial services provider’s stock valued at $75,511,000 after purchasing an additional 161,407 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in Lendingtree by 53.3% in the 3rd quarter. William Blair Investment Management LLC now owns 461,906 shares of the financial services provider’s stock valued at $106,285,000 after purchasing an additional 160,617 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About Lendingtree

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.

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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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