Lendingtree Inc Receives a Buy from RBC Capital

RBC Capital analyst Andrew Bruckner reiterated a Buy rating on Lendingtree Inc (NASDAQ: TREE) today and set a price target of $145. The company’s shares opened today at $90.88.

According to TipRanks.com, Bruckner is a 1-star analyst with an average return of -4.8% and a 25.0% success rate. Bruckner covers the Technology sector, focusing on stocks such as Rubicon Technology, Rubicon Project, and Trade Desk Inc.

Currently, the analyst consensus on Lendingtree Inc is Strong Buy and the average price target is $140, representing a 54.0% upside.

In a report issued on October 12, Loop Capital Markets also maintained a Buy rating on the stock with a $145 price target.

Based on Lendingtree Inc’s latest earnings report from June 30, the company posted quarterly revenue of $94.29M and quarterly net profit of $7.85M. In comparison, last year the company earned revenue of $69.8M and had a net profit of $6.09M.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2016, Nikul Patel, a the COO of TREE sold 2,500 shares for a total of $220,425.

LendingTree, Inc. engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans. The company was founded in April 2008 and is headquartered in Charlotte, NC.