Tree.com Inc. (TREE) Shares Up 3.5%
Shares of Tree.com Inc. (NASDAQ:TREE) shot up 3.5% during trading on Wednesday . The company traded as high as $100.12 and last traded at $99.49, with a volume of 548,767 shares traded. The stock had previously closed at $96.15.
A number of research firms recently commented on TREE. Needham & Company LLC reiterated a “buy” rating on shares of Tree.com in a research report on Monday, June 27th. Royal Bank Of Canada restated a “buy” rating on shares of Tree.com in a report on Thursday, June 16th. Compass Point started coverage on Tree.com in a report on Thursday, June 2nd. They issued a “buy” rating and a $100.00 price target for the company. Bank of America Corp. restated a “buy” rating and issued a $115.00 price target on shares of Tree.com in a report on Friday, May 27th. Finally, Zacks Investment Research cut Tree.com from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.38.
The company has a market cap of $1.22 billion and a PE ratio of 26.85. The company has a 50-day moving average of $85.42 and a 200-day moving average of $82.68.
Tree.com (NASDAQ:TREE) last announced its earnings results on Wednesday, May 4th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.71 by $0.05. The company had revenue of $94.70 million for the quarter, compared to analysts’ expectations of $86.58 million. During the same period in the prior year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 86.1% on a year-over-year basis. On average, equities research analysts predict that Tree.com Inc. will post $3.08 earnings per share for the current fiscal year.
In related news, CEO Douglas R. Lebda bought 5,000 shares of Tree.com stock in a transaction dated Friday, May 13th. The stock was acquired at an average cost of $67.67 per share, with a total value of $338,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,710,069 shares in the company, valued at approximately $115,720,369.23. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nikul Patel sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $88.17, for a total value of $220,425.00. Following the sale, the chief operating officer now directly owns 30,500 shares of the company’s stock, valued at $2,689,185. The disclosure for this sale can be found here.
Several large investors recently made changes to their positions in TREE. California State Teachers Retirement System increased its stake in shares of Tree.com by 9.8% in the fourth quarter. California State Teachers Retirement System now owns 11,616 shares of the company’s stock valued at $1,037,000 after buying an additional 1,038 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Tree.com during the fourth quarter valued at approximately $1,124,000. Redwood Investments LLC increased its stake in shares of Tree.com by 55.2% in the fourth quarter. Redwood Investments LLC now owns 17,056 shares of the company’s stock valued at $1,523,000 after buying an additional 6,067 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Tree.com during the fourth quarter valued at approximately $1,713,000. Finally, P.A.W. Capital Corp increased its stake in shares of Tree.com by 3.3% in the fourth quarter. P.A.W. Capital Corp now owns 31,000 shares of the company’s stock valued at $2,768,000 after buying an additional 1,000 shares in the last quarter.
LendingTree, Inc (LendingTree), formerly Tree.com, Inc, is engaged in operating an online loan marketplace for consumers. The Company offers a range of loan types and other credit-based offerings for its consumers. The Company operates through Lending activities segment. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings.
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