Tree.com Inc. (TREE) Rating Reiterated by Needham & Company LLC
Tree.com Inc. (NASDAQ:TREE)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a research report issued on Wednesday. They presently have a $140.00 target price on the stock. Needham & Company LLC’s target price points to a potential upside of 50.23% from the stock’s previous close.
TREE has been the topic of several other reports. Mizuho lifted their price objective on Tree.com from $110.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Royal Bank Of Canada reiterated a “buy” rating on shares of Tree.com in a research report on Thursday, June 16th. RBC Capital Markets reiterated a “buy” rating and issued a $150.00 target price on shares of Tree.com in a research report on Thursday, July 28th. Compass Point assumed coverage on Tree.com in a research report on Thursday, June 2nd. They issued a “buy” rating and a $100.00 target price for the company. Finally, Zacks Investment Research upgraded Tree.com from a “sell” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $128.45.
Tree.com (NASDAQ:TREE) opened at 93.19 on Wednesday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 23.14 and a beta of 1.15. The company has a 50-day moving average price of $100.08 and a 200-day moving average price of $92.13. Tree.com has a one year low of $52.11 and a one year high of $131.83.
Tree.com (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.20. Tree.com had a return on equity of 30.48% and a net margin of 15.33%. The company had revenue of $94.30 million for the quarter, compared to the consensus estimate of $95.48 million. During the same period in the previous year, the business earned $0.63 EPS. Tree.com’s revenue for the quarter was up 71.1% compared to the same quarter last year. On average, equities research analysts anticipate that Tree.com will post $3.29 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in TREE. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Tree.com by 3.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,154 shares of the company’s stock worth $112,000 after buying an additional 40 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Tree.com by 121.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,126 shares of the company’s stock worth $188,000 after buying an additional 1,168 shares during the period. Societe Generale acquired a new position in shares of Tree.com during the second quarter worth about $247,000. SG Americas Securities LLC raised its position 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 period. Finally, Bayesian Capital Management LP acquired a new position in shares of Tree.com during the first quarter worth about $314,000. Institutional investors own 82.63% of the company’s stock.
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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