Lendingtree (TREE) PT Raised to $440.00 at Oppenheimer

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Lendingtree (NASDAQ:TREE) had its target price boosted by Oppenheimer from $350.00 to $440.00 in a research report sent to investors on Monday morning, The Fly reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on the company. BidaskClub upgraded Lendingtree from a buy rating to a strong-buy rating in a research report on Friday, January 25th. Zacks Investment Research downgraded Lendingtree from a strong-buy rating to a hold rating in a research report on Saturday, January 5th. SunTrust Banks increased their target price on Lendingtree to $285.00 and gave the stock a positive rating in a research report on Wednesday, February 27th. They noted that the move was a valuation call. Northland Securities downgraded Lendingtree from an outperform rating to a market perform rating in a research report on Tuesday, February 26th. Finally, Deutsche Bank increased their target price on Lendingtree from $270.00 to $330.00 and gave the stock a hold rating in a research report on Wednesday, February 27th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $340.40.

NASDAQ:TREE opened at $382.02 on Monday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 43.02, a P/E/G ratio of 2.80 and a beta of 2.38. Lendingtree has a 1 year low of $183.25 and a 1 year high of $398.11. The company has a current ratio of 0.63, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Lendingtree (NASDAQ:TREE) last posted its earnings results on Friday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.56. The firm had revenue of $262.40 million for the quarter, compared to the consensus estimate of $239.73 million. Lendingtree had a return on equity of 13.71% and a net margin of 7.62%. The business’s quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. On average, analysts predict that Lendingtree will post 4.92 earnings per share for the current fiscal year.

In related news, Director Steven Ozonian sold 975 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $314.98, for a total value of $307,105.50. Following the sale, the director now owns 6,394 shares in the company, valued at $2,013,982.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gabriel Dalporto sold 637 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $386.34, for a total value of $246,098.58. Following the completion of the sale, the director now owns 187 shares in the company, valued at approximately $72,245.58. The disclosure for this sale can be found here. Insiders sold 29,567 shares of company stock worth $10,194,327 in the last quarter. 20.50% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. CI Investments Inc. bought a new position in Lendingtree in the fourth quarter valued at $24,957,000. Nikko Asset Management Americas Inc. increased its stake in Lendingtree by 13.1% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 635,313 shares of the financial services provider’s stock valued at $139,496,000 after acquiring an additional 73,440 shares during the last quarter. Norges Bank bought a new position in Lendingtree in the fourth quarter valued at $12,737,000. Robeco Institutional Asset Management B.V. increased its stake in Lendingtree by 57.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 122,101 shares of the financial services provider’s stock valued at $42,925,000 after acquiring an additional 44,601 shares during the last quarter. Finally, Scout Investments Inc. increased its stake in Lendingtree by 197.3% in the first quarter. Scout Investments Inc. now owns 64,474 shares of the financial services provider’s stock valued at $22,666,000 after acquiring an additional 42,791 shares during the last quarter. Institutional investors own 85.09% of the company’s stock.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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The Fly

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