Tree.com Inc. (TREE) Stock Price Down 1.4%
Tree.com Inc. (NASDAQ:TREE) fell 1.4% on Thursday . The company traded as low as $109.12 and last traded at $110.04, with a volume of 64,923 shares changing hands. The stock had previously closed at $111.60.
A number of brokerages have weighed in on TREE. Vetr raised shares of Tree.com from a “hold” rating to a “buy” rating and set a $118.86 price target for the company in a report on Monday. Zacks Investment Research raised shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price target for the company in a report on Thursday, August 4th. Compass Point upped their price objective on shares of Tree.com from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Mizuho upped their price objective on shares of Tree.com from $110.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, RBC Capital Markets reaffirmed a “buy” rating and set a $150.00 price objective on shares of Tree.com in a research note on Thursday, July 28th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Tree.com currently has a consensus rating of “Buy” and a consensus price target of $129.30.
The company has a 50-day moving average price of $97.23 and a 200-day moving average price of $85.87. The stock has a market cap of $1.31 billion and a PE ratio of 27.51.
Tree.com (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.20. The firm earned $94.30 million during the quarter, compared to analyst estimates of $95.48 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. Tree.com’s revenue for the quarter was up 71.1% compared to the same quarter last year. Analysts expect that Tree.com Inc. will post $3.29 EPS for the current fiscal year.
In related news, CEO Douglas R. Lebda bought 5,000 shares of the firm’s stock in a transaction dated Friday, May 13th. The stock was bought at an average cost of $67.67 per share, for a total transaction of $338,350.00. Following the transaction, 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 document filed with the SEC, which is available through the SEC website. Also, COO Nikul Patel sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $88.17, for a total value of $220,425.00. Following the transaction, the chief operating officer now owns 30,500 shares of the company’s stock, valued at $2,689,185. The disclosure for this sale can be found here.
Other institutional investors recently bought and sold shares of the company. Redwood Investments LLC raised 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 during the last quarter. Marshall Wace LLP acquired a new position in Tree.com during the fourth quarter valued at $1,713,000. First Trust Advisors LP acquired a new position in Tree.com during the fourth quarter valued at $2,811,000. Trexquant Investment LP acquired a new position in Tree.com during the fourth quarter valued at $3,585,000. Finally, RS Investment Management Co. LLC acquired a new position in Tree.com during the fourth quarter valued at $12,783,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.