Oppenheimer Cuts Hamilton Lane (NASDAQ:HLNE) Price Target to $171.00

Key Points

• Oppenheimer cut its price target on Hamilton Lane to $171 (from $230) while keeping an "outperform" rating, a target that implies about a 73.75% upside from the prior close.
• Analyst views are mixed with multiple firms trimming targets; MarketBeat shows a consensus of "Moderate Buy" and an average price target of $157.63.
• Shares rallied about 6.7% to $98.42 on the day; the company recently beat quarterly estimates with $1.55 EPS (vs. $1.28 expected) and $198.6M revenue, and reported strong profitability metrics (ROE 27.82%, net margin 30.59%).

Hamilton Lane (NASDAQ:HLNE - Get Free Report) had its target price reduced by equities research analysts at Oppenheimer from $230.00 to $171.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's price objective would suggest a potential upside of 73.75% from the company's previous close.

Several other equities research analysts have also recently commented on HLNE. UBS Group lowered their price target on Hamilton Lane from $184.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 20th. Morgan Stanley set a $159.00 target price on Hamilton Lane in a report on Tuesday, January 27th. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $161.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday, January 8th. BMO Capital Markets reduced their target price on Hamilton Lane from $148.00 to $118.00 and set an "outperform" rating for the company in a report on Tuesday, March 24th. Finally, Zacks Research lowered Hamilton Lane from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane has a consensus rating of "Moderate Buy" and an average price target of $157.63.

Hamilton Lane Stock Up 6.7%

NASDAQ:HLNE traded up $6.14 on Monday, hitting $98.42. 397,171 shares of the company's stock traded hands, compared to its average volume of 689,442. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. Hamilton Lane has a 1 year low of $90.47 and a 1 year high of $179.19. The firm has a 50-day moving average price of $108.45 and a 200-day moving average price of $123.41. The company has a market cap of $5.49 billion, a PE ratio of 17.48 and a beta of 1.33.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.27. The company had revenue of $198.59 million for the quarter, compared to analysts' expectations of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The business's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. Equities analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Hamilton Lane by 27.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company's stock valued at $61,000 after purchasing an additional 90 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company's stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Hamilton Lane by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 9,700 shares of the company's stock valued at $1,303,000 after purchasing an additional 100 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Hamilton Lane by 12.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company's stock valued at $121,000 after purchasing an additional 103 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Hamilton Lane by 81.2% in the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company's stock valued at $32,000 after purchasing an additional 108 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

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