In a report released today, Michael Grondahl from Northland Securities maintained a Hold rating on Lendingtree (TREE – Research Report), with a price target of $24.00. The company’s shares closed yesterday at $11.07.
Grondahl covers the Financial sector, focusing on stocks such as Euronet Worldwide, International Money Express, and Encore Capital. According to TipRanks, Grondahl has an average return of 7.5% and a 44.06% success rate on recommended stocks.
Currently, the analyst consensus on Lendingtree is a Hold with an average price target of $24.00.
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The company has a one-year high of $47.82 and a one-year low of $10.12. Currently, Lendingtree has an average volume of 229.4K.
Based on the recent corporate insider activity of 38 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.
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Lendingtree (TREE) Company Description:
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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