Oppenheimer Comments on Lendingtree Inc’s Q1 2019 Earnings (TREE)

Lendingtree Inc (NASDAQ:TREE) – Investment analysts at Oppenheimer reduced their Q1 2019 earnings per share estimates for shares of Lendingtree in a report released on Wednesday, December 5th. Oppenheimer analyst J. Kelly now expects that the financial services provider will post earnings per share of $0.85 for the quarter, down from their prior estimate of $1.03. Oppenheimer currently has a “Buy” rating and a $300.00 price objective on the stock. Oppenheimer also issued estimates for Lendingtree’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $2.04 EPS, FY2019 earnings at $5.78 EPS and FY2020 earnings at $7.42 EPS.

Other equities analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Lendingtree from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 target price for the company in a research note on Tuesday, September 25th. BidaskClub upgraded shares of Lendingtree from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Deutsche Bank cut their target price on shares of Lendingtree from $290.00 to $270.00 and set a “hold” rating for the company in a research note on Thursday, August 16th. Finally, Northland Securities cut shares of Lendingtree from an “outperform” rating to a “market perform” rating in a research note on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Lendingtree currently has a consensus rating of “Hold” and an average price target of $323.88.

NASDAQ:TREE opened at $261.92 on Thursday. The firm has a market cap of $3.21 billion, a P/E ratio of 86.73, a P/E/G ratio of 1.91 and a beta of 2.18. Lendingtree has a one year low of $183.25 and a one year high of $404.40. 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 (NASDAQ:TREE) last released its earnings results on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.61. The firm had revenue of $197.10 million during the quarter, compared to analysts’ expectations of $199.28 million. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 EPS.

Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. raised its stake in shares of 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 buying an additional 161,407 shares in the last quarter. Keybank National Association OH increased its position in shares of Lendingtree by 45.3% during the 2nd quarter. Keybank National Association OH now owns 4,510 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 1,407 shares in the last quarter. Granahan Investment Management Inc. MA increased its position in shares of Lendingtree by 337.4% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 41,171 shares of the financial services provider’s stock worth $8,802,000 after purchasing an additional 31,758 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Lendingtree by 35.4% during the 2nd quarter. Schroder Investment Management Group now owns 2,134 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 558 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Lendingtree by 12.4% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,584 shares of the financial services provider’s stock worth $980,000 after purchasing an additional 507 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

In other news, Director Steven Ozonian sold 975 shares of the stock in a transaction on 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 owns 7,344 shares in the company, valued at approximately $1,820,063.52. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 20.50% of the company’s stock.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

Further Reading: Quiet Period

Earnings History and Estimates for Lendingtree (NASDAQ:TREE)

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