Tree.com Inc. (TREE) Given New $120.00 Price Target at Royal Bank Of Canada
Tree.com Inc. (NASDAQ:TREE) had its target price increased by Royal Bank Of Canada from $110.00 to $120.00 in a research report released on Friday. The firm currently has an outperform rating on the stock.
Several other research firms have also recently commented on TREE. Mizuho cut their price target on Tree.com from $116.00 to $102.00 and set a buy rating for the company in a report on Friday, October 28th. Vetr raised Tree.com from a buy rating to a strong-buy rating and set a $118.86 price target for the company in a report on Wednesday, August 17th. Zacks Investment Research raised Tree.com from a sell rating to a buy rating and set a $115.00 price target for the company in a report on Thursday, August 4th. Compass Point increased their price target on Tree.com from $100.00 to $120.00 and gave the company a buy rating in a report on Friday, July 29th. Finally, RBC Capital Markets reaffirmed an outperform rating and issued a $145.00 price target (down previously from $150.00) on shares of Tree.com in a report on Monday, September 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $122.99.
Shares of Tree.com (NASDAQ:TREE) traded up 2.475% during midday trading on Friday, hitting $102.475. The company had a trading volume of 83,073 shares. The company has a 50-day moving average of $89.05 and a 200 day moving average of $90.63. Tree.com has a 12 month low of $52.11 and a 12 month high of $112.00. The firm has a market capitalization of $1.21 billion, a PE ratio of 25.215 and a beta of 1.36.
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 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 company earned $94.60 million during the quarter, compared to analyst estimates of $97.43 million. During the same period in the prior year, the business posted $0.79 EPS. Tree.com’s revenue for the quarter was up 35.5% compared to the same quarter last year. On average, analysts expect that Tree.com will post $3.20 EPS for the current fiscal year.
In related news, CFO Gabriel Dalporto sold 8,425 shares of Tree.com stock in a transaction on Friday, November 18th. The stock was sold at an average price of $97.58, for a total value of $822,111.50. Following the completion of the transaction, the chief financial officer now directly owns 8,425 shares in the company, valued at $822,111.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 22.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TREE. 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. 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. Societe Generale bought a new position in Tree.com during the second quarter worth about $247,000. Capstone Asset Management Co. raised its position in Tree.com by 21.1% in the second quarter. Capstone Asset Management Co. now owns 4,760 shares of the company’s stock worth $420,000 after buying an additional 830 shares during the period. Finally, Rhumbline Advisers raised its position in Tree.com by 4.5% in the second quarter. Rhumbline Advisers now owns 8,304 shares of the company’s stock worth $733,000 after buying an additional 359 shares during the period. Hedge funds and other institutional investors own 89.77% 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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