Lendingtree (TREE) Given a $300.00 Price Target by Oppenheimer Analysts

Oppenheimer set a $300.00 target price on Lendingtree (NASDAQ:TREE) in a report published on Wednesday. The brokerage currently has a buy rating on the financial services provider’s stock. Oppenheimer also issued estimates for Lendingtree’s FY2018 earnings at $3.58 EPS, Q1 2019 earnings at $0.85 EPS, Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $1.37 EPS, Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $2.04 EPS, Q3 2019 earnings at $2.07 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 equities research analysts have also weighed in on TREE. ValuEngine lowered shares of Lendingtree from a hold rating to a sell rating in a report on Tuesday, August 7th. BidaskClub lowered shares of Lendingtree from a hold rating to a sell rating in a report on Thursday, August 9th. 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. Zacks Investment Research upgraded 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. Finally, Northland Securities upgraded shares of Lendingtree from a market perform rating to an outperform rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $323.88.

TREE stock opened at $242.74 on Wednesday. Lendingtree has a 12 month low of $183.25 and a 12 month high of $404.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. The stock has a market cap of $3.36 billion, a P/E ratio of 82.89, a PEG ratio of 2.23 and a beta of 2.18.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.61. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. The firm had revenue of $197.10 million during the quarter, compared to analysts’ expectations of $199.28 million. During the same period in the previous year, the company earned $1.17 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, research analysts expect that Lendingtree will post 3.69 earnings per share for the current year.

In related 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 transaction of $241,634.25. Following the completion of the sale, the director now owns 7,344 shares in the company, valued at approximately $1,820,063.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of Lendingtree by 16.9% in the 3rd quarter. Morgan Stanley now owns 93,579 shares of the financial services provider’s stock valued at $21,533,000 after purchasing an additional 13,499 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Lendingtree by 19.7% in the 3rd quarter. Teachers Advisors LLC now owns 17,304 shares of the financial services provider’s stock valued at $3,982,000 after purchasing an additional 2,846 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Lendingtree by 13.2% in the 3rd quarter. Macquarie Group Ltd. now owns 399,730 shares of the financial services provider’s stock valued at $91,978,000 after purchasing an additional 46,543 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in shares of Lendingtree by 18.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 10,092 shares of the financial services provider’s stock valued at $2,322,000 after purchasing an additional 1,568 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Lendingtree by 12.6% in the 3rd quarter. Pacer Advisors Inc. now owns 2,695 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 86.43% 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.

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