Lendingtree Inc (NASDAQ:TREE) – Oppenheimer lowered their FY2018 EPS estimates for Lendingtree in a note issued to investors on Wednesday, December 5th. Oppenheimer analyst J. Kelly now anticipates that the financial services provider will post earnings per share of $3.58 for the year, down from their prior forecast of $3.59. Oppenheimer currently has a “Buy” rating and a $300.00 target price on the stock.

Several other equities research analysts have also recently commented on TREE. BidaskClub cut Lendingtree from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Deutsche Bank cut their target price on Lendingtree from $290.00 to $270.00 and set a “hold” rating on the stock in a research note on Thursday, August 16th. ValuEngine upgraded Lendingtree from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Zacks Investment Research upgraded Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 target price on the stock in a research note on Tuesday, September 25th. Finally, Northland Securities upgraded Lendingtree from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $323.88.

NASDAQ TREE opened at $261.92 on Friday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 86.73, a PEG ratio of 1.91 and a beta of 2.18. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.66. Lendingtree has a 52 week low of $183.25 and a 52 week high of $404.40.

Lendingtree (NASDAQ:TREE) last released its earnings results on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.61. The firm had revenue of $197.10 million for the quarter, compared to analysts’ expectations of $199.28 million. Lendingtree had a return on equity of 12.86% and a net margin of 12.73%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS.

Several large investors have recently bought and sold shares of the business. Legal & General Group Plc increased its position in shares of 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 purchasing an additional 254 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Lendingtree by 5.1% during the 2nd quarter. Arizona State Retirement System now owns 5,464 shares of the financial services provider’s stock worth $1,168,000 after acquiring an additional 264 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Lendingtree by 12.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,695 shares of the financial services provider’s stock worth $620,000 after acquiring an additional 301 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings 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 acquiring an additional 433 shares during the last quarter. Finally, Polen Capital Management LLC increased its holdings in shares of Lendingtree by 44.9% during the 3rd quarter. Polen Capital Management LLC now owns 1,546 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 479 shares during the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

In other Lendingtree news, Director Steven Ozonian sold 975 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $247.83, for a total transaction of $241,634.25. Following the transaction, the director now owns 7,344 shares of the company’s stock, valued at approximately $1,820,063.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.50% of the stock is owned by insiders.

Lendingtree Company Profile

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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Earnings History and Estimates for Lendingtree (NASDAQ:TREE)

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