Tree.com Inc. (TREE) Trading 3.9% Higher
Tree.com Inc. (NASDAQ:TREE) traded up 3.9% on Thursday . The company traded as high as $107.90 and last traded at $106.36, with a volume of 173,293 shares changing hands. The stock had previously closed at $102.38.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday. Royal Bank Of Canada restated a “buy” rating and issued a $150.00 price target on shares of Tree.com in a research note on Wednesday, May 4th. Needham & Company LLC restated a “buy” rating and issued a $140.00 price target on shares of Tree.com in a research note on Monday, May 2nd. Mizuho upped their price objective on Tree.com from $110.00 to $122.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Compass Point upped their price objective on Tree.com from $100.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 29th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $127.88.
The stock has a 50 day moving average of $91.30 and a 200-day moving average of $84.40. The company has a market cap of $1.26 billion and a P/E ratio of 26.46.
Tree.com (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.20. The business had revenue of $94.30 million for the quarter, compared to the consensus estimate of $95.48 million. The business’s revenue was up 71.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. On average, equities research analysts anticipate that Tree.com Inc. will post $3.27 earnings per share for the current year.
In other Tree.com news, CEO Douglas R. Lebda purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average cost of $67.67 per share, for a total transaction of $338,350.00. Following the completion of the acquisition, the chief executive officer now owns 1,710,069 shares of the company’s stock, valued at approximately $115,720,369.23. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nikul Patel sold 2,500 shares of Tree.com stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $88.17, for a total value of $220,425.00. Following the sale, the chief operating officer now owns 30,500 shares in the company, valued at $2,689,185. The disclosure for this sale can be found here.
A number of hedge funds have modified their holdings of TREE. Wells Fargo & Company MN raised its stake in shares of Tree.com by 42.7% in the fourth quarter. Wells Fargo & Company MN now owns 260,023 shares of the company’s stock worth $23,215,000 after buying an additional 77,863 shares during the period. Trexquant Investment LP acquired a new stake in shares of Tree.com during the fourth quarter worth approximately $3,585,000. California State Teachers Retirement System raised its stake in shares of Tree.com by 9.8% in the fourth quarter. California State Teachers Retirement System now owns 11,616 shares of the company’s stock worth $1,037,000 after buying an additional 1,038 shares during the period. First Trust Advisors LP acquired a new stake in shares of Tree.com during the fourth quarter worth approximately $2,811,000. Finally, Redwood Investments LLC raised its stake in shares of Tree.com by 55.2% in the fourth quarter. Redwood Investments LLC now owns 17,056 shares of the company’s stock worth $1,523,000 after buying an additional 6,067 shares during the period.
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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