Brokerages Set Tree.com Inc. (TREE) Price Target at $127.99
Shares of Tree.com Inc. (NASDAQ:TREE) have received a consensus rating of “Buy” from the fifteen ratings firms that are covering the firm. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $127.99.
A number of research analysts recently weighed in on TREE shares. RBC Capital Markets restated a “buy” rating and set a $150.00 price objective on shares of Tree.com in a research report on Thursday, July 28th. Mizuho increased their price objective on shares of Tree.com from $110.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Compass Point increased their price objective on shares of Tree.com from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Thursday, August 4th. Finally, Vetr upgraded shares of Tree.com from a “hold” rating to a “buy” rating and set a $118.86 price objective on the stock in a research report on Monday, August 8th.
Tree.com (NASDAQ:TREE) opened at 95.15 on Thursday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 23.41 and a beta of 1.36. Tree.com has a 52-week low of $52.11 and a 52-week high of $120.54. The stock’s 50 day moving average is $89.02 and its 200-day moving average is $90.48.
Tree.com (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. Tree.com had a net margin of 14.43% and a return on equity of 26.82%. The firm had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $97.43 million. During the same quarter in the previous year, the company earned $0.79 EPS. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. Equities research analysts anticipate that Tree.com will post $3.18 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake 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 valued at $188,000 after buying an additional 1,168 shares during the last quarter. SG Americas Securities LLC increased its stake 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 valued at $247,000 after buying an additional 147 shares during the last quarter. Societe Generale purchased a new stake in shares of Tree.com during the second quarter valued at approximately $247,000. Bayesian Capital Management LP purchased a new stake in shares of Tree.com during the first quarter valued at approximately $314,000. Finally, Capstone Asset Management Co. increased its stake in shares of Tree.com by 21.1% in the second quarter. Capstone Asset Management Co. now owns 4,760 shares of the company’s stock valued at $420,000 after buying an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 81.74% of the company’s stock.
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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