Neil Salvage Sells 2,000 Shares of Tree.com Inc. (TREE) Stock
Tree.com Inc. (NASDAQ:TREE) CRO Neil Salvage sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $102.38, for a total transaction of $204,760.00. Following the completion of the transaction, the executive now directly owns 16,493 shares of the company’s stock, valued at approximately $1,688,553.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Tree.com Inc. (NASDAQ:TREE) opened at 106.55 on Thursday. Tree.com Inc. has a 12-month low of $52.11 and a 12-month high of $112.00. The company has a market cap of $1.26 billion, a P/E ratio of 26.22 and a beta of 1.36. The stock’s 50 day moving average is $89.69 and its 200-day moving average is $91.21.
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 Zacks’ consensus estimate of $0.84 by $0.04. The business had revenue of $94.60 million for the quarter, compared to the consensus estimate of $97.43 million. Tree.com had a return on equity of 26.82% and a net margin of 14.43%. The company’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. Analysts predict that Tree.com Inc. will post $3.21 earnings per share for the current fiscal year.
A number of research firms recently commented on TREE. Vetr raised shares of Tree.com from a “hold” rating to a “buy” rating and set a $118.86 price objective for the company in a research note on Monday, August 8th. Zacks Investment Research raised shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Thursday, August 4th. Compass Point raised their price objective on shares of Tree.com from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Mizuho raised their price objective on shares of Tree.com from $110.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, RBC Capital Markets reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Tree.com in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. Tree.com has a consensus rating of “Buy” and an average price target of $122.99.
Several large investors have recently bought and sold shares of TREE. Credit Suisse AG increased its stake in Tree.com by 142.0% in the third quarter. Credit Suisse AG now owns 16,085 shares of the company’s stock worth $1,559,000 after buying an additional 9,438 shares during the period. Chartwell Investment Partners LLC acquired a new stake in Tree.com during the third quarter worth $8,597,000. Mackenzie Financial Corp increased its stake in Tree.com by 30.2% in the third quarter. Mackenzie Financial Corp now owns 26,142 shares of the company’s stock worth $2,533,000 after buying an additional 6,071 shares during the period. Jackson Square Partners LLC increased its stake in Tree.com by 9.0% in the third quarter. Jackson Square Partners LLC now owns 360,299 shares of the company’s stock worth $34,916,000 after buying an additional 29,629 shares during the period. Finally, SG Americas Securities LLC increased its stake in Tree.com by 6.3% in the third quarter. SG Americas Securities LLC now owns 2,967 shares of the company’s stock worth $288,000 after buying an additional 176 shares during the period. 89.77% of the stock is owned by institutional investors and hedge funds.
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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