Lendingtree Inc (NASDAQ:TREE) – Analysts at Oppenheimer dropped their FY2019 EPS estimates for Lendingtree in a report issued on Wednesday, November 28th. Oppenheimer analyst J. Kelly now forecasts that the financial services provider will post earnings per share of $6.09 for the year, down from their prior estimate of $6.26. Oppenheimer also issued estimates for Lendingtree’s FY2020 earnings at $7.71 EPS.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.61. The firm had revenue of $197.10 million for the quarter, compared to the consensus estimate of $199.28 million. Lendingtree had a return on equity of 12.86% and a net margin of 12.73%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS.
A number of other research analysts have also commented on the company. Zacks Investment Research upgraded Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 target price for the company in a research note on Tuesday, September 25th. BidaskClub raised Lendingtree from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. ValuEngine upgraded Lendingtree from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Deutsche Bank dropped their price objective on Lendingtree from $290.00 to $270.00 and set a “hold” rating for the company in a report on Thursday, August 16th. Finally, Northland Securities cut Lendingtree from an “outperform” rating to a “market perform” rating in a report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $330.13.
Shares of NASDAQ TREE opened at $254.27 on Friday. The company has a market capitalization of $3.27 billion, a P/E ratio of 84.20, a PEG ratio of 1.94 and a beta of 2.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. Lendingtree has a 52 week low of $183.25 and a 52 week high of $404.40.
In other 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 transaction of $241,634.25. Following the completion of the sale, the director now directly owns 7,344 shares in the company, valued at $1,820,063.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 20.50% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc increased its stake in Lendingtree by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 7,507 shares of the financial services provider’s stock worth $1,605,000 after buying an additional 254 shares during the period. Arizona State Retirement System increased its holdings in shares of Lendingtree by 5.1% in the 2nd quarter. Arizona State Retirement System now owns 5,464 shares of the financial services provider’s stock valued at $1,168,000 after purchasing an additional 264 shares in the last quarter. Pacer Advisors Inc. increased 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. Amalgamated Bank increased its holdings in Lendingtree by 35.8% during the 2nd quarter. Amalgamated Bank now owns 1,278 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 337 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Lendingtree by 6.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 6,768 shares of the financial services provider’s stock worth $1,447,000 after purchasing an additional 433 shares during the last quarter. Institutional investors own 86.31% of the company’s stock.
Lendingtree Company Profile
LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.
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