Topeka analyst Blake Harper said the selloff in Lendingtree may be attributable to comments from CEO Douglas Lebda that mortgage origination volumes will be down this year and rates will be higher. However, the analyst notes that Lebda explicitly pointed out that this was a positive for the company, giving historical evidence that in such an environment lenders increasingly turn to Lendingtree for customers. Harper said he and multiple attendees agreed that the company gave a bullish presentation at the Needham conference and he views the selloff as unjustified. The analyst keeps a Buy rating and $150 price target on shares of Lendingtree, which remain down about 28% at $62.40 in afternoon trading.