In a report released today, Michael Grondahl from Northland Securities assigned a Buy rating to Lendingtree (TREE), with a price target of $340.00. The company’s shares closed last Monday at $360.50, close to its 52-week high of $392.74.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 16.2% and a 58.5% success rate. Grondahl covers the Financial sector, focusing on stocks such as International Money Express, WisdomTree Investments, and Front Yard Residential.
Lendingtree has an analyst consensus of Moderate Buy, with a price target consensus of $314.86, implying a -10.0% 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.
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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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