After SunTrust Robinson and Needham gave Lendingtree (NASDAQ: TREE) a Buy rating last month, the company received another Buy, this time from RBC Capital. Analyst Mark Mahaney maintained a Buy rating on Lendingtree yesterday and set a price target of $263.00. The company’s shares closed last Wednesday at $229.99.
According to TipRanks.com, Mahaney is a 5-star analyst with an average return of 10.8% and a 56.8% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Uber Technologies, and Zillow Group.
Lendingtree has an analyst consensus of Strong Buy, with a price target consensus of $291.60, implying a 26.0% upside from current levels. In a report issued on April 29, Oppenheimer also assigned a Buy rating to the stock with a $250.00 price target.
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Lendingtree’s market cap is currently $3.06B and has a P/E ratio of 200.90. The company has a Price to Book ratio of -15.80.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TREE in relation to earlier this year.
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 operates through the following segments: Home, Consumer, Insurance, and Other. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit, reverse mortgage loans, and real estate. The Consumer segment includes credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products. The Insurance segment comprises of insurance quote products. The Other segment deals with the resale of online advertising space to third parties and revenue from home improvement referrals. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.
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