Gabriel Dalporto Sells 8,425 Shares of Tree.com Inc. (TREE) Stock
Tree.com Inc. (NASDAQ:TREE) CFO Gabriel Dalporto sold 8,425 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $97.58, for a total value of $822,111.50. Following the transaction, the chief financial officer now directly owns 8,425 shares of the company’s stock, valued at $822,111.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Tree.com Inc. (NASDAQ:TREE) traded up 1.35% during mid-day trading on Monday, reaching $101.35. 33,140 shares of the company’s stock traded hands. The company’s 50 day moving average is $89.05 and its 200-day moving average is $90.63. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 24.94 and a beta of 1.36. Tree.com Inc. has a 52 week low of $52.11 and a 52 week high of $112.00.
Tree.com (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The firm had revenue of $94.60 million for the quarter, compared to analyst estimates of $97.43 million. Tree.com had a return on equity of 26.82% and a net margin of 14.43%. The business’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 EPS. Equities analysts expect that Tree.com Inc. will post $3.18 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on TREE. Royal Bank Of Canada increased their price objective on Tree.com from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. RBC Capital Markets reissued an “outperform” rating and issued a $120.00 price objective (up from $110.00) on shares of Tree.com in a report on Friday. Mizuho increased their price objective on Tree.com from $102.00 to $122.00 and gave the stock a “buy” rating in a report on Monday. Vetr lowered Tree.com from a “strong-buy” rating to a “buy” rating and set a $118.86 price objective for the company. in a report on Tuesday, August 23rd. Finally, Zacks Investment Research raised Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. Tree.com currently has an average rating of “Buy” and a consensus price target of $122.99.
Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in 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 raised its stake in 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 Tree.com during the second quarter valued at $247,000. Capstone Asset Management Co. raised its stake in 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. Finally, Rhumbline Advisers raised its stake in Tree.com by 4.5% in the second quarter. Rhumbline Advisers now owns 8,304 shares of the company’s stock valued at $733,000 after buying an additional 359 shares during the last quarter. 89.77% of the stock is owned by institutional investors.
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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