In a report released today, Youssef Squali from SunTrust Robinson maintained a Buy rating on Lendingtree (TREE), with a price target of $250.00. The company’s shares closed last Monday at $245.39.
According to TipRanks.com, Squali is a top 100 analyst with an average return of 23.3% and a 64.9% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, ANGI Homeservices, and Uber Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lendingtree with a $298.78 average price target, a 25.7% 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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Based on Lendingtree’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $255 million and net profit of $1.86 million. In comparison, last year the company earned revenue of $203 million and had a GAAP net loss of $3.3 million.
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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