Zacks Investment Research Downgrades Tree.com Inc. (TREE) to Hold
Tree.com Inc. (NASDAQ:TREE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. “
Several other research firms have also recently commented on TREE. Vetr raised shares of Tree.com from a “buy” rating to a “strong-buy” rating and set a $118.86 target price on the stock in a research report on Wednesday, August 17th. Compass Point lifted their target price on shares of Tree.com from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. RBC Capital Markets reissued an “outperform” rating and set a $145.00 target price (down previously from $150.00) on shares of Tree.com in a research report on Monday, September 19th. Mizuho dropped their target price on shares of Tree.com from $122.00 to $116.00 and set a “buy” rating on the stock in a research report on Friday, September 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of Tree.com in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Tree.com has an average rating of “Buy” and an average price target of $128.45.
Shares of Tree.com (NASDAQ:TREE) opened at 96.12 on Wednesday. The firm has a market cap of $1.13 billion, a P/E ratio of 23.87 and a beta of 1.15. The company’s 50-day moving average price is $99.23 and its 200-day moving average price is $92.19. Tree.com has a 12 month low of $52.11 and a 12 month high of $131.83.
Tree.com (NASDAQ:TREE) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.20. Tree.com had a return on equity of 30.48% and a net margin of 15.33%. The business earned $94.30 million during the quarter, compared to the consensus estimate of $95.48 million. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s quarterly revenue was up 71.1% on a year-over-year basis. On average, analysts predict that Tree.com will post $3.29 EPS for the current year.
Large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake 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 last quarter. BNP Paribas Arbitrage SA raised its position in 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 purchased a new position in Tree.com during the second quarter worth approximately $247,000. SG Americas Securities LLC raised its position in 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 purchased a new position in Tree.com during the first quarter worth approximately $314,000. 82.63% of the stock is currently owned by institutional investors and hedge funds.
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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