Tree.com Inc. (NASDAQ:TREE) had its price objective lowered by Loop Capital from $150.00 to $145.00 in a research note released on Wednesday. The brokerage currently has a buy rating on the stock.

TREE has been the subject of several other research reports. Needham & Company LLC reissued a buy rating on shares of Tree.com in a report on Monday, June 27th. Mizuho increased their price target on Tree.com from $110.00 to $122.00 and gave the company a buy rating in a research note on Friday, July 29th. Royal Bank Of Canada reissued a buy rating on shares of Tree.com in a research note on Thursday, June 16th. RBC Capital Markets reissued a buy rating and set a $150.00 price target on shares of Tree.com in a research note on Thursday, July 28th. Finally, Zacks Investment Research lowered Tree.com from a buy rating to a hold rating in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Tree.com presently has an average rating of Buy and a consensus target price of $129.63.

Analyst Recommendations for Tree.com (NASDAQ:TREE)

Tree.com (NASDAQ:TREE) traded down 1.386% during midday trading on Wednesday, reaching $89.295. The company had a trading volume of 44,070 shares. The company has a 50-day moving average of $95.94 and a 200-day moving average of $92.26. The stock has a market capitalization of $1.05 billion, a PE ratio of 22.174 and a beta of 1.12. 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 the Thomson Reuters’ 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 business earned $94.30 million during the quarter, compared to analyst estimates of $95.48 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. Tree.com’s revenue for the quarter 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 fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Granahan Investment Management Inc. MA boosted its stake in Tree.com by 882.7% in the first quarter. Granahan Investment Management Inc. MA now owns 559,137 shares of the company’s stock valued at $54,672,000 after buying an additional 502,237 shares during the last quarter. Jackson Square Partners LLC purchased a new stake in Tree.com during the second quarter valued at about $29,208,000. Lord Abbett & CO. LLC boosted 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 valued at $25,383,000 after buying an additional 222,491 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Tree.com by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 166,408 shares of the company’s stock valued at $16,271,000 after buying an additional 3,385 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Tree.com during the second quarter valued at about $11,728,000. Hedge funds and other 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.

5 Day Chart for NASDAQ:TREE

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