LendingTree (TREE) Tops Q1 EPS by 9c, Offers Q2 & FY Guidance

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LendingTree (TREE): Needham Reiterates Buy, $140 PT

May 5, 2016 8:09 AM EDT

Needham & Company analyst, Kerry Rice, thinks Lendingtree's (NASDAQ: TREE) misunderstood market risk creates a buying opportunity. TREE continued to gain market share in Mortgages as lenders increasingly recognize Tree's marketing efficiency with high conversion rate and low cost per funded loan. Tree posted... More