Tree.com Inc. (NASDAQ:TREE) traded down 5.1% on Wednesday . The stock traded as low as $95.96 and last traded at $96.35, with a volume of 457,407 shares. The stock had previously closed at $101.50.

A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Tree.com from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Needham & Company LLC reiterated a “buy” rating on shares of Tree.com in a report on Monday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $150.00 price objective on shares of Tree.com in a report on Wednesday, May 4th. TheStreet downgraded Tree.com from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $115.00 price objective on shares of Tree.com in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $122.38.

The firm has a 50 day moving average price of $87.15 and a 200-day moving average price of $82.89. The company has a market capitalization of $1.13 billion and a P/E ratio of 24.93.

Tree.com (NASDAQ:TREE) last released its earnings results on Wednesday, May 4th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. During the same quarter last year, the company earned $0.65 earnings per share. The firm earned $94.70 million during the quarter, compared to analyst estimates of $86.58 million. The business’s revenue for the quarter was up 86.1% on a year-over-year basis. Equities 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 purchased 5,000 shares of the company’s stock in a transaction on Friday, May 13th. The shares were bought at an average price of $67.67 per share, with a total value of $338,350.00. Following the completion of the acquisition, the chief executive officer now owns 1,710,069 shares of the company’s stock, valued at $115,720,369.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 completion of the transaction, the chief operating officer now directly owns 30,500 shares in the company, valued at approximately $2,689,185. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of TREE. Redwood Investments LLC boosted its position in 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. Trexquant Investment LP bought a new position in Tree.com during the fourth quarter valued at about $3,585,000. Marshall Wace LLP bought a new position in Tree.com during the fourth quarter valued at about $1,713,000. P.A.W. Capital Corp boosted its position in 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. Finally, Wells Fargo & Company MN boosted its position in Tree.com by 42.7% in the fourth quarter. Wells Fargo & Company MN now owns 260,023 shares of the company’s stock valued at $23,215,000 after buying an additional 77,863 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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