Mizuho Lowers Tree.com Inc. (TREE) Price Target to $116.00
Tree.com Inc. (NASDAQ:TREE) had its price objective cut by equities researchers at Mizuho from $122.00 to $116.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. Mizuho’s price objective suggests a potential upside of 25.31% from the stock’s current price.
Several other equities analysts also recently issued reports on the stock. Vetr downgraded shares of Tree.com from a “strong-buy” rating to a “buy” rating and set a $118.86 price target for the company. in a report on Tuesday, August 23rd. 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 report on Thursday, August 4th. Compass Point raised their price objective on shares of Tree.com from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 29th. RBC Capital Markets restated a “buy” rating and issued a $150.00 price objective on shares of Tree.com in a research report on Thursday, July 28th. Finally, Needham & Company LLC restated a “buy” rating on shares of Tree.com in a research report on Monday, June 27th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Tree.com presently has an average rating of “Buy” and an average target price of $128.45.
Shares of Tree.com (NASDAQ:TREE) opened at 92.57 on Friday. Tree.com has a 12 month low of $52.11 and a 12 month high of $131.83. The stock has a market cap of $1.09 billion, a P/E ratio of 22.99 and a beta of 1.15. The company has a 50 day moving average of $102.35 and a 200 day moving average of $91.91.
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 consensus estimate of $0.72 by $0.20. Tree.com had a net margin of 15.33% and a return on equity of 30.48%. The firm earned $94.30 million during the quarter, compared to the consensus estimate of $95.48 million. During the same period last year, the firm posted $0.63 EPS. The firm’s quarterly revenue was up 71.1% on a year-over-year basis. Equities research analysts expect that Tree.com will post $3.29 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of TREE. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Tree.com by 3.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,154 shares of the company’s stock worth $112,000 after buying an additional 40 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Tree.com by 121.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,126 shares of the company’s stock worth $188,000 after buying an additional 1,168 shares in the last quarter. Societe Generale purchased a new position in shares of Tree.com during the second quarter worth about $247,000. SG Americas Securities LLC boosted its position in shares of Tree.com by 5.6% in the second quarter. SG Americas Securities LLC now owns 2,791 shares of the company’s stock worth $247,000 after buying an additional 147 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Tree.com during the first quarter worth about $314,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.
Tree.com Company Profile
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.
Receive News & Ratings for Tree.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tree.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.