Tree.com Inc. (TREE) PT Lowered to $145.00
Tree.com Inc. (NASDAQ:TREE) had its price target cut by equities researchers at Loop Capital from $150.00 to $145.00 in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Loop Capital’s price objective indicates a potential upside of 62.30% from the stock’s current price.
TREE has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Tree.com from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. RBC Capital Markets reissued an “outperform” rating and issued a $145.00 price target (down previously from $150.00) on shares of Tree.com in a report on Monday, September 19th. Royal Bank Of Canada reissued a “buy” rating on shares of Tree.com in a report on Thursday, June 16th. Needham & Company LLC reissued a “buy” rating on shares of Tree.com in a report on Monday, June 27th. Finally, Vetr raised shares of Tree.com from a “hold” rating to a “buy” rating and set a $118.86 price target on the stock in a report on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $129.63.
Shares of Tree.com (NASDAQ:TREE) opened at 89.34 on Wednesday. Tree.com has a 12-month low of $52.11 and a 12-month high of $131.83. The company has a 50 day moving average of $95.56 and a 200-day moving average of $92.24. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 22.19 and a beta of 1.12.
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, topping analysts’ consensus estimates of $0.72 by $0.20. The business had revenue of $94.30 million for the quarter, compared to analyst estimates of $95.48 million. Tree.com had a net margin of 15.33% and a return on equity of 30.48%. The company’s revenue was up 71.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Analysts predict that Tree.com will post $3.29 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Granahan Investment Management Inc. MA boosted its position in shares of Tree.com by 882.7% in the first quarter. Granahan Investment Management Inc. MA now owns 559,137 shares of the company’s stock valued at $54,672,000 after buying an additional 502,237 shares during the period. Jackson Square Partners LLC purchased a new position in shares of Tree.com during the second quarter valued at about $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 valued at $25,383,000 after buying an additional 222,491 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of Tree.com during the second quarter valued at about $11,728,000. Finally, Credit Agricole S A purchased a new position in shares of Tree.com during the first quarter valued at about $6,014,000. 82.63% of the stock is owned by institutional investors.
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.
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