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Oppenheimer Thinks Lendingtree Inc’s Stock is Going to Recover


In a report released today, Jed Kelly from Oppenheimer maintained a Buy rating on Lendingtree Inc (NASDAQ: TREE). The company’s shares closed yesterday at $210.63, close to its 52-week low of $205.45.

Kelly has an average return of 12.0% when recommending Lendingtree Inc.

According to TipRanks.com, Kelly is ranked #1014 out of 4886 analysts.

Currently, the analyst consensus on Lendingtree Inc is a Moderate Buy with an average price target of $277.43.

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Lendingtree Inc’s market cap is currently $2.68B and has a P/E ratio of 40.90. The company has a Price to Book ratio of 7.74.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2018, Douglas Lebda, the Chairman & CEO of TREE bought 132,600 shares for a total of $1,124,448.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.