Tree.com Inc. (TREE) Director Steven Ozonian Sells 3,000 Shares
Tree.com Inc. (NASDAQ:TREE) Director Steven Ozonian sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $101.85, for a total transaction of $305,550.00. Following the sale, the director now owns 19,396 shares of the company’s stock, valued at approximately $1,975,482.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Tree.com Inc. (NASDAQ:TREE) traded up 1.00% during trading on Wednesday, hitting $106.55. 51,651 shares of the stock were exchanged. The stock’s 50 day moving average is $89.44 and its 200-day moving average is $91.10. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 26.22 and a beta of 1.36. Tree.com Inc. has a one year low of $52.11 and a one year high of $112.00.
Tree.com (NASDAQ:TREE) last posted its earnings results on Thursday, October 27th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by $0.04. The company earned $94.60 million during the quarter, compared to the consensus estimate of $97.43 million. Tree.com had a net margin of 14.43% and a return on equity of 26.82%. The business’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. On average, equities research analysts expect that Tree.com Inc. will post $3.20 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Compass Point upped their price target 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 downgraded shares of Tree.com from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 2nd. Mizuho upped their price target 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. RBC Capital Markets reiterated a “buy” rating and issued a $150.00 price target on shares of Tree.com in a research report on Thursday, July 28th. Finally, Loop Capital reduced their price target 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $122.99.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted 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 worth $188,000 after buying an additional 1,168 shares during the last quarter. SG Americas Securities LLC boosted 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 worth $247,000 after buying an additional 147 shares during the last quarter. Societe Generale bought a new stake in Tree.com during the second quarter worth about $247,000. Capstone Asset Management Co. boosted 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 worth $420,000 after buying an additional 830 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake 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 last quarter. Institutional investors own 89.77% of the company’s stock.
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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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