Lendingtree (NASDAQ:TREE) has been given a $300.00 target price by stock analysts at Oppenheimer in a report issued on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Oppenheimer’s target price points to a potential upside of 14.54% from the stock’s current price. 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 equities analysts have also issued reports on TREE. BidaskClub lowered shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. ValuEngine lowered shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Northland Securities raised shares of Lendingtree from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. Deutsche Bank cut their price objective on shares of Lendingtree from $290.00 to $270.00 and set a “hold” rating on the stock 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 on the stock in a report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $323.88.
Shares of TREE stock opened at $261.92 on Wednesday. The company has a market cap of $3.21 billion, a P/E ratio of 86.73, a price-to-earnings-growth ratio of 1.91 and a beta of 2.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.33 and a current ratio of 3.33. Lendingtree has a 52-week low of $183.25 and a 52-week high of $404.40.
Lendingtree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.61. The company had revenue of $197.10 million for 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%. Lendingtree’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. Sell-side analysts anticipate that Lendingtree will post 3.69 earnings per share for the current fiscal year.
In other Lendingtree news, Director Steven Ozonian sold 975 shares of Lendingtree 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 directly owns 7,344 shares of the company’s stock, valued at $1,820,063.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new position in Lendingtree in the second quarter worth $203,000. Alps Advisors Inc. purchased a new stake in shares of Lendingtree during the second quarter valued at $235,000. Sunbelt Securities Inc. purchased a new stake in shares of Lendingtree during the second quarter valued at $243,000. Amalgamated Bank grew its holdings in shares of Lendingtree by 35.8% during the second quarter. Amalgamated Bank now owns 1,278 shares of the financial services provider’s stock valued at $273,000 after buying an additional 337 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Lendingtree during the third quarter valued at $295,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.
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.
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