Tree.com Inc. (TREE) Trading 5.6% Higher
Tree.com Inc. (NASDAQ:TREE) shares traded up 5.6% on Tuesday . The company traded as high as $109.30 and last traded at $108.11, with a volume of 631,538 shares changing hands. The stock had previously closed at $102.33.
A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $150.00 price objective on shares of Tree.com in a research note on Wednesday, May 4th. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective on shares of Tree.com in a research note on Monday, May 2nd. Zacks Investment Research upgraded shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Thursday, August 4th. RBC Capital Markets reiterated a “buy” rating and issued a $150.00 price objective on shares of Tree.com in a research note on Thursday, July 28th. Finally, Compass Point lifted 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. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $129.30.
The firm has a market capitalization of $1.26 billion and a price-to-earnings ratio of 26.58. The firm has a 50 day moving average of $101.67 and a 200-day moving average of $87.91.
Tree.com (NASDAQ:TREE) last released its earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.20. The company had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $95.48 million. The firm’s revenue for the quarter was up 71.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. On average, analysts anticipate that Tree.com Inc. will post $3.29 EPS for the current fiscal year.
In other Tree.com news, COO Nikul Patel sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $88.17, for a total transaction of $220,425.00. Following the sale, the chief operating officer now owns 30,500 shares of the company’s stock, valued at approximately $2,689,185. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A number of hedge funds recently added to or reduced their stakes in TREE. Bank of Montreal Can bought a new stake in Tree.com during the fourth quarter valued at $14,896,000. Marshall Wace LLP bought a new stake in Tree.com during the fourth quarter valued at $1,713,000. 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 valued at $1,523,000 after buying an additional 6,067 shares in the last quarter. RS Investment Management Co. LLC bought a new stake in Tree.com during the fourth quarter valued at $12,783,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Tree.com by 9.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 23,498 shares of the company’s stock valued at $2,098,000 after buying an additional 1,974 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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