Lendingtree (TREE) Received its Third Buy in a Row

After Truist Financial and RBC Capital gave Lendingtree (NASDAQ: TREE) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Mayank Tandon maintained a Buy rating on Lendingtree today and set a price target of $400.00. The company’s shares closed last Tuesday at $332.98.

According to TipRanks.com, Tandon is a top 100 analyst with an average return of 20.6% and a 67.0% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Sapiens International.

Currently, the analyst consensus on Lendingtree is a Moderate Buy with an average price target of $314.86, implying a -8.0% downside from current levels. In a report issued on July 31, RBC Capital also maintained a Buy rating on the stock with a $361.00 price target.

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The company has a one-year high of $392.74 and a one-year low of $135.72. Currently, Lendingtree has an average volume of 155.9K.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.

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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