Oppenheimer Analysts Give Lendingtree (TREE) a $300.00 Price Target

Oppenheimer set a $300.00 price objective on Lendingtree (NASDAQ:TREE) in a research note released on Wednesday morning. The firm 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.

Several other analysts also recently commented on the stock. BidaskClub upgraded shares of Lendingtree from a sell rating to a hold rating in a research report on Wednesday, September 5th. Zacks Investment Research downgraded shares of Lendingtree from a buy rating to a hold rating in a research report on Wednesday, September 26th. ValuEngine upgraded shares of Lendingtree from a sell rating to a hold rating in a research report on Saturday, September 1st. Deutsche Bank decreased their price objective on shares of Lendingtree from $290.00 to $270.00 and set a hold rating on the stock in a research report on Thursday, August 16th. Finally, Northland Securities downgraded shares of Lendingtree from an outperform rating to a market perform rating in a research report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $323.88.

TREE opened at $242.74 on Wednesday. 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 1-year low of $183.25 and a 1-year high of $404.40. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 82.89, a price-to-earnings-growth 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.61. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. The business had revenue of $197.10 million for the quarter, compared to the consensus estimate of $199.28 million. During the same period last year, the firm earned $1.17 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities analysts anticipate that Lendingtree will post 3.69 EPS for the current year.

In related 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 transaction of $241,634.25. Following the completion of 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 accessible through this hyperlink. Company insiders own 20.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TREE. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Lendingtree by 48.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 559,424 shares of the financial services provider’s stock valued at $128,723,000 after acquiring an additional 181,491 shares in the last quarter. Nikko Asset Management Americas Inc. grew its stake in Lendingtree by 47.4% during the third quarter. Nikko Asset Management Americas Inc. now owns 561,873 shares of the financial services provider’s stock valued at $129,231,000 after acquiring an additional 180,718 shares in the last quarter. Victory Capital Management Inc. grew its stake in Lendingtree by 150.9% during the second quarter. Victory Capital Management Inc. now owns 286,528 shares of the financial services provider’s stock valued at $61,259,000 after acquiring an additional 172,310 shares in the last quarter. Macquarie Group Ltd. grew its stake in Lendingtree by 84.2% during the second quarter. Macquarie Group Ltd. now owns 353,187 shares of the financial services provider’s stock valued at $75,511,000 after acquiring an additional 161,407 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in Lendingtree by 53.3% during the third quarter. William Blair Investment Management LLC now owns 461,906 shares of the financial services provider’s stock valued at $106,285,000 after acquiring an additional 160,617 shares in the last quarter. 86.43% of the stock is owned by institutional investors.

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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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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