Tree.com Inc. (TREE) Trading Up 3.9%
Shares of Tree.com Inc. (NASDAQ:TREE) were up 3.9% during trading on Thursday . The company traded as high as $107.90 and last traded at $106.36, with a volume of 173,293 shares. The stock had previously closed at $102.38.
A number of analysts have recently commented on TREE shares. Compass Point upped their target price on Tree.com from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Mizuho increased their price target on Tree.com from $110.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. RBC Capital Markets reiterated a “buy” rating and set a $150.00 price target on shares of Tree.com in a research report on Thursday, July 28th. Needham & Company LLC reiterated a “buy” rating on shares of Tree.com in a research report on Monday, June 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Tree.com in a research report on Thursday, June 16th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Tree.com presently has a consensus rating of “Buy” and an average price target of $127.88.
The company has a market capitalization of $1.30 billion and a PE ratio of 27.32. The company’s 50 day moving average is $93.25 and its 200-day moving average is $84.74.
Tree.com (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.20. The company earned $94.30 million during the quarter, compared to analyst estimates of $95.48 million. During the same quarter last year, the firm earned $0.63 EPS. The business’s revenue was up 71.1% on a year-over-year basis. Equities analysts forecast that Tree.com Inc. will post $3.29 EPS for the current year.
In related news, CEO Douglas R. Lebda purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were purchased at an average price of $67.67 per share, for a total transaction of $338,350.00. Following the transaction, the chief executive officer now directly owns 1,710,069 shares of the company’s stock, valued at approximately $115,720,369.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nikul Patel sold 2,500 shares of the business’s stock in a transaction dated 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 owns 30,500 shares in the company, valued at approximately $2,689,185. The disclosure for this sale can be found here.
A number of institutional investors recently modified their holdings of TREE. Bank of Montreal Can bought a new position in shares of Tree.com during the fourth quarter valued at about $14,896,000. RS Investment Management Co. LLC acquired a new stake in shares of Tree.com during the fourth quarter worth $12,783,000. OppenheimerFunds Inc. acquired a new stake in shares of Tree.com during the fourth quarter worth $7,605,000. Wells Fargo & Company MN raised its stake in shares of Tree.com by 42.7% in the fourth quarter. Wells Fargo & Company MN now owns 260,023 shares of the company’s stock worth $23,215,000 after buying an additional 77,863 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Tree.com during the fourth quarter worth $3,585,000.
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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