Tree.com Inc. (NASDAQ:TREE) shares traded down 2.8% on Wednesday . The stock traded as low as $101.73 and last traded at $103.24, with a volume of 150,803 shares. The stock had previously closed at $106.24.

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Tree.com in a research note on Monday, June 27th. Zacks Investment Research lowered shares of Tree.com from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $150.00 price target on shares of Tree.com in a research note on Wednesday, May 4th. TheStreet lowered shares of Tree.com from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Finally, Mizuho lifted their price target 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. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $129.30.

The firm has a 50-day moving average price of $99.80 and a 200 day moving average price of $86.89. The stock has a market cap of $1.22 billion and a price-to-earnings ratio of 25.72.

Tree.com (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.20. During the same quarter in the prior year, the business posted $0.63 earnings per share. The company earned $94.30 million during the quarter, compared to analysts’ expectations of $95.48 million. The company’s revenue was up 71.1% compared to the same quarter last year. Analysts anticipate that Tree.com Inc. will post $3.29 EPS for the current year.

In related news, COO Nikul Patel sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $88.17, for a total transaction of $220,425.00. Following the transaction, the chief operating officer now directly owns 30,500 shares in the company, valued at approximately $2,689,185. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Other hedge funds and institutional investors have made changes to their positions in the company. Redwood Investments LLC increased its position 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 during the period. Marshall Wace LLP acquired a new position in shares of Tree.com during the fourth quarter valued at $1,713,000. Trexquant Investment LP acquired a new position in shares of Tree.com during the fourth quarter valued at $3,585,000. Wells Fargo & Company MN increased its position 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 valued at $23,215,000 after buying an additional 77,863 shares during the period. Finally, RS Investment Management Co. LLC acquired a new position in shares of 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.

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