Tree.com Inc. (TREE) Receives Outperform Rating from RBC Capital Markets
RBC Capital Markets reiterated their outperform rating on shares of Tree.com Inc. (NASDAQ:TREE) in a research note issued to investors on Friday. RBC Capital Markets currently has a $120.00 target price on the stock, up from their prior target price of $110.00.
Several other equities research analysts also recently issued reports on TREE. Compass Point increased their price objective 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. Zacks Investment Research downgraded shares of Tree.com from a hold rating to a strong sell rating in a research report on Wednesday, November 2nd. Mizuho increased their price objective on shares of Tree.com from $110.00 to $122.00 and gave the stock a buy rating in a research report on Friday, July 29th. Loop Capital lowered their price objective on shares of Tree.com from $150.00 to $145.00 and set a buy rating for the company in a research report on Wednesday, October 12th. Finally, Needham & Company LLC restated a buy rating and set a $140.00 target price on shares of Tree.com in a report on Wednesday, September 28th. 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 company’s stock. Tree.com has an average rating of Buy and a consensus price target of $122.99.
Tree.com (NASDAQ:TREE) traded up 2.475% on Friday, reaching $102.475. The company had a trading volume of 83,073 shares. Tree.com has a 52-week low of $52.11 and a 52-week high of $112.00. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 25.215 and a beta of 1.36. The stock’s 50-day moving average price is $89.05 and its 200 day moving average price is $90.63.
Tree.com (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Tree.com had a return on equity of 26.82% and a net margin of 14.43%. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $97.43 million. During the same period in the prior year, the company earned $0.79 EPS. The firm’s revenue was up 35.5% on a year-over-year basis. On average, equities analysts anticipate that Tree.com will post $3.20 earnings per share for the current fiscal year.
In other Tree.com news, CFO Gabriel Dalporto sold 8,425 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 8,425 shares in the company, valued at $822,111.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 22.00% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of TREE. BNP Paribas Arbitrage SA raised its position 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 raised its position 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 bought a new position in shares of Tree.com during the second quarter valued at $247,000. Capstone Asset Management Co. raised its position 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. Finally, Rhumbline Advisers raised its position in shares of 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 currently 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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