Mizuho Increases Tree.com Inc. (TREE) Price Target to $122.00
Tree.com Inc. (NASDAQ:TREE) had its price objective raised by investment analysts at Mizuho from $102.00 to $122.00 in a report released on Monday. The brokerage currently has a “buy” rating on the stock. Mizuho’s target price would suggest a potential upside of 15.64% from the company’s current price.
Other analysts also recently issued research reports about the company. Vetr upgraded Tree.com from a “hold” rating to a “buy” rating and set a $118.86 price target on the stock in a research note on Monday, August 8th. Zacks Investment Research upgraded Tree.com from a “sell” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Thursday, August 4th. Compass Point increased their target price on Tree.com from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 29th. RBC Capital Markets reiterated a “buy” rating and set a $150.00 target price on shares of Tree.com in a research note on Thursday, July 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $140.00 target price on shares of Tree.com in a research note on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.99.
Shares of Tree.com (NASDAQ:TREE) opened at 105.50 on Monday. Tree.com has a 1-year low of $52.11 and a 1-year high of $112.00. The company’s 50 day moving average price is $89.44 and its 200-day moving average price is $91.10. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.96 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 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.04. The company earned $94.60 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $0.79 EPS. On average, equities analysts forecast that Tree.com will post $3.20 earnings per share for the current year.
In related news, CRO Neil Salvage sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $102.38, for a total value of $204,760.00. Following the transaction, the executive now directly owns 16,493 shares of the company’s stock, valued at approximately $1,688,553.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gabriel Dalporto sold 8,425 shares of the firm’s 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 disclosure for this sale can be found here. 22.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in TREE. Lord Abbett & CO. LLC boosted its position in shares of Tree.com by 343.0% in the second quarter. Lord Abbett & CO. LLC now owns 287,364 shares of the company’s stock worth $25,383,000 after buying an additional 222,491 shares in the last quarter. Rhumbline Advisers boosted 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 worth $733,000 after buying an additional 359 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Tree.com by 59.9% in the second quarter. Nationwide Fund Advisors now owns 43,927 shares of the company’s stock worth $3,880,000 after buying an additional 16,455 shares in the last quarter. SG Americas Securities LLC boosted 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 worth $247,000 after buying an additional 147 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of Tree.com during the second quarter worth approximately $11,728,000. 89.77% of the stock is currently owned by institutional investors.
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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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