Tree.com’s (TREE) Outperform Rating Reiterated at RBC Capital Markets
RBC Capital Markets reaffirmed their outperform rating on shares of Tree.com Inc. (NASDAQ:TREE) in a research note released on Monday. The brokerage currently has a $145.00 price objective on the stock, down from their prior price objective of $150.00.
Other equities analysts have also recently issued reports about the stock. Mizuho reduced their price objective on shares of Tree.com from $122.00 to $116.00 and set a buy rating on the stock in a research note on Friday, September 16th. Vetr cut shares of Tree.com from a strong-buy rating to a buy rating and set a $118.86 price objective on the stock. in a research note on Tuesday, August 23rd. Zacks Investment Research raised shares of Tree.com from a sell rating to a buy rating and set a $115.00 price objective on the stock in a research note 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 note on Friday, July 29th. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Tree.com in a research note 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. The company currently has an average rating of Buy and a consensus target price of $128.45.
Tree.com (NASDAQ:TREE) opened at 93.99 on Monday. Tree.com has a 1-year low of $52.11 and a 1-year high of $131.83. The firm has a market capitalization of $1.11 billion, a P/E ratio of 23.34 and a beta of 1.15. The stock has a 50 day moving average of $101.44 and a 200-day moving average of $91.90.
Tree.com (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $95.48 million. During the same period last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 71.1% on a year-over-year basis. On average, equities research analysts anticipate that Tree.com will post $3.29 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Jackson Square Partners LLC purchased a new position in shares of Tree.com during the second quarter worth $29,208,000. Lord Abbett & CO. LLC boosted its position in shares of Tree.com by 343.0% in the second quarter. Lord Abbett & CO. LLC now owns 287,364 shares of the company’s stock worth $25,383,000 after buying an additional 222,491 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Tree.com by 4.5% in the second quarter. Rhumbline Advisers now owns 8,304 shares of the company’s stock worth $733,000 after buying an additional 359 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Tree.com by 59.9% in the second quarter. Nationwide Fund Advisors now owns 43,927 shares of the company’s stock worth $3,880,000 after buying an additional 16,455 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake 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 during the last quarter. 82.63% of the stock is currently owned by institutional investors.
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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