LendingTree (TREE) Given New $340.00 Price Target at Oppenheimer

LendingTree (NASDAQ:TREE) had its price objective increased by Oppenheimer to $340.00 in a report released on Friday morning. They currently have an outperform rating on the financial services provider’s stock.

TREE has been the subject of several other research reports. Needham & Company LLC reiterated a buy rating and issued a $300.00 price objective (up previously from $250.00) on shares of LendingTree in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of LendingTree from a sell rating to a hold rating in a research note on Thursday, September 28th. Bank of America lifted their price objective on shares of LendingTree from $250.00 to $285.00 and gave the stock a buy rating in a research note on Tuesday, October 10th. BWS Financial cut shares of LendingTree from a buy rating to a sell rating and set a $194.00 price objective for the company. in a research note on Thursday, October 12th. Finally, Stephens lifted their price objective on shares of LendingTree from $250.00 to $300.00 and gave the stock an overweight rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. LendingTree has an average rating of Buy and a consensus target price of $251.25.

Shares of LendingTree (NASDAQ:TREE) opened at $303.40 on Friday. LendingTree has a 12 month low of $96.20 and a 12 month high of $316.25. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3,642.10, a PE ratio of 92.49, a price-to-earnings-growth ratio of 3.10 and a beta of 1.54.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.20. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The business had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $157.97 million. During the same quarter in the previous year, the company earned $0.80 EPS. The business’s revenue was up 81.3% on a year-over-year basis. equities analysts expect that LendingTree will post 3.06 earnings per share for the current fiscal year.

In other news, President Neil Salvage sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $267.08, for a total value of $400,620.00. Following the completion of the transaction, the president now directly owns 12,907 shares in the company, valued at approximately $3,447,201.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Lebda sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $222.64, for a total transaction of $890,560.00. Following the completion of the transaction, the chief executive officer now owns 484,992 shares of the company’s stock, valued at $107,978,618.88. The disclosure for this sale can be found here. Insiders sold a total of 82,374 shares of company stock valued at $22,447,606 over the last 90 days. Corporate insiders own 21.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Invictus RG acquired a new position in shares of LendingTree in the 3rd quarter valued at approximately $104,000. Advisor Group Inc. raised its position in shares of LendingTree by 61.7% in the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock valued at $128,000 after buying an additional 201 shares in the last quarter. Aperio Group LLC acquired a new position in shares of LendingTree in the 3rd quarter valued at approximately $201,000. SG Americas Securities LLC acquired a new position in LendingTree during the 2nd quarter worth approximately $148,000. Finally, Amalgamated Bank acquired a new position in LendingTree during the 3rd quarter worth approximately $217,000. Institutional investors own 72.11% of the company’s stock.

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LendingTree Company Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

Analyst Recommendations for LendingTree (NASDAQ:TREE)

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