Oppenheimer set a $300.00 target price on Lendingtree (NASDAQ:TREE) in a research report sent to investors on Wednesday. The firm 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.
A number of other research firms also recently weighed in on TREE. BidaskClub raised shares of Lendingtree from a sell rating to a hold rating in a research note on Wednesday, September 5th. ValuEngine raised shares of Lendingtree from a sell rating to a hold rating in a research note on Saturday, September 1st. Northland Securities downgraded shares of Lendingtree from an outperform rating to a market perform rating in a research note on Monday, November 12th. Deutsche Bank cut their price target on shares of Lendingtree from $290.00 to $270.00 and set a hold rating on the stock in a research note 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 target on the stock in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Lendingtree currently has an average rating of Hold and an average price target of $323.88.
NASDAQ:TREE opened at $243.50 on Wednesday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.66. The company 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. Lendingtree has a fifty-two week low of $183.25 and a fifty-two week high of $404.40.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.61. The company had revenue of $197.10 million for the quarter, compared to the consensus estimate of $199.28 million. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. Lendingtree’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. On average, equities analysts predict that Lendingtree will post 3.69 earnings per share for the current fiscal year.
In other news, Director Steven Ozonian sold 975 shares of the firm’s 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 transaction, the director now owns 7,344 shares of the company’s stock, valued at approximately $1,820,063.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 20.50% of the company’s stock.
Several hedge funds have recently modified their holdings of TREE. Bank of Montreal Can raised its stake in shares of Lendingtree by 16.1% in the 2nd quarter. Bank of Montreal Can now owns 7,485 shares of the financial services provider’s stock valued at $1,600,000 after acquiring an additional 1,036 shares during the period. Amalgamated Bank raised its stake in shares of Lendingtree by 35.8% in the 2nd quarter. Amalgamated Bank now owns 1,278 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 337 shares during the period. Comerica Bank raised its stake in shares of Lendingtree by 9.2% in the 2nd quarter. Comerica Bank now owns 6,555 shares of the financial services provider’s stock valued at $1,567,000 after acquiring an additional 553 shares during the period. Victory Capital Management Inc. increased its stake in Lendingtree by 150.9% during the 2nd quarter. Victory Capital Management Inc. now owns 286,528 shares of the financial services provider’s stock worth $61,259,000 after buying an additional 172,310 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Lendingtree during the 2nd quarter worth $235,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.
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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