Lendingtree (TREE) PT Set at $300.00 by Oppenheimer

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.

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.

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