Lendingtree (TREE) Receives a Buy from Oppenheimer

In a report released today, Jed Kelly from Oppenheimer assigned a Buy rating to Lendingtree (TREE), with a price target of $395.00. The company’s shares closed last Thursday at $295.00.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 10.6% and a 50.9% success rate. Kelly covers the Technology sector, focusing on stocks such as Paypal Holdings, Black Knight, and EverQuote.

Lendingtree has an analyst consensus of Strong Buy, with a price target consensus of $383.75, representing a 14.6% upside. In a report issued on November 1, RBC Capital also maintained a Buy rating on the stock with a $400.00 price target.

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Based on Lendingtree’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $184 million and GAAP net loss of $29.76 million. In comparison, last year the company earned revenue of $278 million and had a net profit of $12.22 million.

Based on the recent corporate insider activity of 28 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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