Tree.com Inc. (TREE) Trading Down 4.5%
Shares of Tree.com Inc. (NASDAQ:TREE) traded down 4.5% during mid-day trading on Wednesday . The stock traded as low as $96.28 and last traded at $96.52, with a volume of 228,714 shares changing hands. The stock had previously closed at $101.03.
Several analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating on shares of Tree.com in a report on Monday, June 27th. Zacks Investment Research lowered Tree.com from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Royal Bank Of Canada reissued a “buy” rating and set a $150.00 price target on shares of Tree.com in a report on Wednesday, May 4th. TheStreet lowered Tree.com from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Finally, Mizuho boosted their price target on Tree.com from $110.00 to $122.00 and gave the company a “buy” rating in a report on Friday, July 29th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Tree.com presently has an average rating of “Buy” and an average target price of $129.30.
The company’s 50-day moving average price is $102.81 and its 200 day moving average price is $89.88. The stock has a market capitalization of $1.14 billion and a P/E ratio of 24.09.
Tree.com (NASDAQ:TREE) last released its earnings results on Thursday, July 28th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.20. The company had revenue of $94.30 million for the quarter, compared to analyst estimates of $95.48 million. Tree.com’s revenue for the quarter was up 71.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 earnings per share. On average, equities research analysts anticipate that Tree.com Inc. will post $3.29 EPS for the current year.
In related news, COO Nikul Patel sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $88.17, for a total transaction of $220,425.00. Following the completion of the transaction, the chief operating officer now directly owns 30,500 shares in the company, valued at approximately $2,689,185. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
An institutional investor recently bought a new position in Tree.com stock. Bank of Montreal Can acquired a new position in shares of Tree.com Inc. (NASDAQ:TREE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 166,841 shares of the company’s stock, valued at approximately $14,896,000. Bank of Montreal Can owned 1.45% of Tree.com as of its most recent filing with the SEC.
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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