Research Analysts Offer Predictions for LendingTree, Inc.’s Q3 2017 Earnings (TREE)
LendingTree, Inc. (NASDAQ:TREE) – Research analysts at Oppenheimer Holdings dropped their Q3 2017 earnings per share estimates for shares of LendingTree in a research report issued on Thursday. Oppenheimer Holdings analyst J. Kelly now anticipates that the financial services provider will post earnings per share of $0.78 for the quarter, down from their prior estimate of $0.79. Oppenheimer Holdings has a “Outperform” rating and a $190.00 price objective on the stock. Oppenheimer Holdings also issued estimates for LendingTree’s Q4 2017 earnings at $0.65 EPS and FY2017 earnings at $2.81 EPS.
LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.27. LendingTree had a return on equity of 18.12% and a net margin of 6.79%. The company had revenue of $132.50 million for the quarter, compared to the consensus estimate of $124.99 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 39.9% compared to the same quarter last year.
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Several other research analysts also recently issued reports on TREE. Mizuho upped their price objective on LendingTree from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Royal Bank Of Canada upped their price objective on LendingTree from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Zacks Investment Research downgraded LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd. Needham & Company LLC upped their price objective on LendingTree from $140.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, BWS Financial upped their price objective on LendingTree from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. LendingTree currently has a consensus rating of “Buy” and a consensus target price of $153.81.
Shares of LendingTree (NASDAQ TREE) opened at 169.85 on Monday. The stock has a 50 day moving average price of $156.65 and a 200-day moving average price of $124.26. LendingTree has a 1-year low of $71.82 and a 1-year high of $179.95. The company has a market cap of $2.03 billion, a P/E ratio of 76.79 and a beta of 1.65.
In related news, Director Interactive Corp Liberty purchased 450,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were bought at an average price of $170.70 per share, with a total value of $76,815,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $164.60, for a total value of $1,316,800.00. Following the completion of the transaction, the chief executive officer now directly owns 517,418 shares in the company, valued at approximately $85,167,002.80. The disclosure for this sale can be found here. In the last three months, insiders sold 179,750 shares of company stock worth $25,986,301. 22.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Campbell Newman Asset Management Inc. increased its position in LendingTree by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 2,980 shares of the financial services provider’s stock worth $374,000 after buying an additional 360 shares during the period. Macquarie Group Ltd. increased its position in LendingTree by 67.4% in the fourth quarter. Macquarie Group Ltd. now owns 275,579 shares of the financial services provider’s stock worth $27,930,000 after buying an additional 110,986 shares during the period. Teachers Advisors LLC increased its position in LendingTree by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 10,588 shares of the financial services provider’s stock worth $1,073,000 after buying an additional 1,040 shares during the period. Thrivent Financial for Lutherans increased its position in LendingTree by 4.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,890 shares of the financial services provider’s stock worth $394,000 after buying an additional 150 shares during the period. Finally, Denver Investment Advisors LLC bought a new position in LendingTree during the fourth quarter worth $567,000. 76.75% of the stock is currently owned by institutional investors.
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.
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