Tree.com Inc. (NASDAQ:TREE) has been assigned an average rating of “Buy” from the fourteen research firms that are covering the company. Two investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $127.71.
Several brokerages recently weighed in on TREE. Needham & Company LLC restated a “buy” rating on shares of Tree.com in a research note on Monday, June 27th. Mizuho boosted their target price on Tree.com from $110.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Royal Bank Of Canada restated a “buy” rating on shares of Tree.com in a research note on Thursday, June 16th. RBC Capital Markets restated a “buy” rating and set a $150.00 target price on shares of Tree.com in a research note on Thursday, July 28th. Finally, Zacks Investment Research downgraded Tree.com from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.
Shares of Tree.com (NASDAQ:TREE) traded down 2.80% during mid-day trading on Thursday, reaching $92.21. The company’s stock had a trading volume of 126,482 shares. Tree.com has a 12-month low of $52.11 and a 12-month high of $131.83. The firm’s 50-day moving average price is $97.76 and its 200 day moving average price is $92.33. The firm has a market cap of $1.09 billion, a P/E ratio of 22.90 and a beta of 1.12.
Tree.com (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.20. Tree.com had a return on equity of 30.48% and a net margin of 15.33%. The business had revenue of $94.30 million for the quarter, compared to the consensus estimate of $95.48 million. During the same period last year, the business posted $0.63 EPS. The business’s revenue was up 71.1% compared to the same quarter last year. On average, analysts expect that Tree.com will post $3.29 EPS for the current year.
Several institutional investors have recently modified their holdings of TREE. BNP Paribas Arbitrage SA boosted 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 period. Societe Generale acquired a new position in Tree.com during the second quarter worth $247,000. SG Americas Securities LLC boosted 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 last quarter. Bayesian Capital Management LP acquired a new position in Tree.com during the first quarter worth $314,000. Finally, Capstone Asset Management Co. boosted 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 last quarter. 82.63% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Tree.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tree.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.