Tree.com Inc. (TREE) Trading Down 2.1%
Tree.com Inc. (NASDAQ:TREE)’s share price dropped 2.1% during mid-day trading on Wednesday . The company traded as low as $104.47 and last traded at $104.84, with a volume of 167,162 shares. The stock had previously closed at $107.05.
Several research firms recently commented on TREE. Zacks Investment Research cut Tree.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 target price on shares of Tree.com in a research note on Monday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $150.00 target price on shares of Tree.com in a research note on Wednesday, May 4th. TheStreet cut Tree.com from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $115.00 target price on shares of Tree.com in a research note on Friday, May 27th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Tree.com presently has an average rating of “Buy” and a consensus price target of $129.30.
The company’s 50 day moving average price is $102.31 and its 200 day moving average price is $88.46. The stock has a market capitalization of $1.21 billion and a PE ratio of 25.43.
Tree.com (NASDAQ:TREE) last released its earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.20. The company earned $94.30 million during the quarter, compared to the consensus estimate of $95.48 million. The company’s revenue was up 71.1% on a year-over-year basis. During the same period last year, the firm posted $0.63 EPS. Equities analysts expect that Tree.com Inc. will post $3.29 EPS for the current fiscal year.
In other news, 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 completion of 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 filing with the SEC, which is available at this hyperlink.
Several large investors recently added to or reduced their stakes in TREE. Schwab Charles Investment Management Inc. raised 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 worth $2,098,000 after buying an additional 1,974 shares during the period. Marshall Wace LLP acquired a new position in Tree.com during the fourth quarter worth approximately $1,713,000. RS Investment Management Co. LLC acquired a new position in Tree.com during the fourth quarter worth approximately $12,783,000. Finally, Bank of Montreal Can acquired a new position in Tree.com during the fourth quarter worth approximately $14,896,000.
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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