Tree.com Inc. (TREE) CRO Neil Salvage Sells 1,500 Shares of Stock
Tree.com Inc. (NASDAQ:TREE) CRO Neil Salvage sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $107.11, for a total transaction of $160,665.00. Following the completion of the sale, the executive now directly owns 13,793 shares in the company, valued at approximately $1,477,368.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Neil Salvage also recently made the following trade(s):
- On Tuesday, November 22nd, Neil Salvage sold 2,000 shares of Tree.com stock. The stock was sold at an average price of $102.38, for a total transaction of $204,760.00.
Tree.com Inc. (NASDAQ:TREE) opened at 106.10 on Tuesday. The company’s 50-day moving average is $90.43 and its 200-day moving average is $92.02. The stock has a market capitalization of $1.25 billion, a PE ratio of 26.11 and a beta of 1.36. Tree.com Inc. has a 12 month low of $52.11 and a 12 month high of $112.00.
Tree.com (NASDAQ:TREE) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. The business had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $97.43 million. Tree.com had a net margin of 14.43% and a return on equity of 26.82%. Tree.com’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. Equities research analysts forecast that Tree.com Inc. will post $3.21 EPS for the current year.
A number of equities research analysts have issued reports on TREE shares. Zacks Investment Research raised shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Thursday, August 4th. 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. Mizuho cut their price target on shares of Tree.com from $122.00 to $116.00 and set a “buy” rating on the stock in a report on Friday, September 16th. 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of Tree.com in a report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Tree.com presently has an average rating of “Buy” and an average target price of $122.99.
Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in Tree.com by 78.7% in the third quarter. BNP Paribas Arbitrage SA now owns 3,799 shares of the company’s stock worth $368,000 after buying an additional 1,673 shares during the last quarter. Jackson Square Partners LLC acquired a new stake in Tree.com during the second quarter worth about $29,208,000. Lord Abbett & CO. LLC increased its stake in 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 during the last quarter. Rhumbline Advisers increased its stake in 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. Finally, Nationwide Fund Advisors increased its stake in 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. 86.84% of the stock is currently 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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