Tree.com Inc. (TREE) Stock Price Down 1.4%
Tree.com Inc. (NASDAQ:TREE) was down 1.4% during trading on Thursday . The stock traded as low as $109.12 and last traded at $110.04, with a volume of 64,923 shares trading hands. The stock had previously closed at $111.60.
Several equities research analysts have recently commented on TREE shares. Zacks Investment Research raised shares of Tree.com from a “hold” rating to a “strong-buy” rating and set a $103.00 price target for the company in a research report on Wednesday, April 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of Tree.com in a research report on Monday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $150.00 price target on shares of Tree.com in a research report on Wednesday, May 4th. TheStreet lowered shares of Tree.com from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $115.00 price target on shares of Tree.com in a research report on Friday, May 27th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $129.30.
The stock’s 50 day moving average price is $97.23 and its 200 day moving average price is $85.87. The company has a market capitalization of $1.30 billion and a price-to-earnings ratio of 27.40.
Tree.com (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.20. During the same quarter in the previous year, the firm posted $0.63 EPS. The business had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $95.48 million. Tree.com’s revenue was up 71.1% on a year-over-year basis. On average, equities research analysts anticipate that Tree.com Inc. will post $3.29 earnings per share for the current year.
In related news, COO Nikul Patel sold 2,500 shares of Tree.com stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $88.17, for a total transaction of $220,425.00. Following the completion of the sale, the chief operating officer now owns 30,500 shares of the company’s stock, valued at $2,689,185. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Several large investors have recently added to or reduced their stakes in TREE. Redwood Investments LLC increased its stake in Tree.com by 55.2% in the fourth quarter. Redwood Investments LLC now owns 17,056 shares of the company’s stock worth $1,523,000 after buying an additional 6,067 shares during the period. Marshall Wace LLP purchased a new stake in Tree.com during the fourth quarter worth approximately $1,713,000. Trexquant Investment LP purchased a new stake in Tree.com during the fourth quarter worth approximately $3,585,000. Wells Fargo & Company MN increased its stake in 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 during the period. Finally, RS Investment Management Co. LLC purchased a new stake in Tree.com during the fourth quarter worth approximately $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.
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