TREE has been the subject of several other reports. Royal Bank Of Canada reissued a buy rating on shares of Tree.com in a report on Thursday, June 16th. Needham & Company LLC reissued a buy rating on shares of Tree.com in a report on Monday, June 27th. RBC Capital Markets reissued a buy rating and set a $150.00 price target on shares of Tree.com in a report on Thursday, July 28th. Mizuho increased their price target on shares of Tree.com from $110.00 to $122.00 and gave the stock a buy rating in a report on Friday, July 29th. Finally, Compass Point increased their price target on shares of Tree.com from $100.00 to $120.00 and gave the stock a buy rating in a report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Tree.com has a consensus rating of Buy and an average target price of $129.63.
Tree.com (NASDAQ:TREE) traded down 1.386% during midday trading on Wednesday, reaching $89.295. The company had a trading volume of 44,070 shares. Tree.com has a 1-year low of $52.11 and a 1-year high of $131.83. The stock has a market capitalization of $1.05 billion, a PE ratio of 22.174 and a beta of 1.12. The firm’s 50 day moving average is $95.94 and its 200 day moving average is $92.26.
Tree.com (NASDAQ:TREE) last announced its earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.20. Tree.com had a net margin of 15.33% and a return on equity of 30.48%. The business earned $94.30 million during the quarter, compared to the consensus estimate of $95.48 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 71.1% compared to the same quarter last year. On average, equities analysts anticipate that Tree.com will post $3.29 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in TREE. Seven Eight Capital LLC raised its stake in shares of Tree.com by 114.5% in the first quarter. Seven Eight Capital LLC now owns 11,797 shares of the company’s stock worth $1,154,000 after buying an additional 6,297 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Tree.com during the first quarter worth about $314,000. Granahan Investment Management Inc. MA raised its stake in shares of Tree.com by 882.7% in the first quarter. Granahan Investment Management Inc. MA now owns 559,137 shares of the company’s stock worth $54,672,000 after buying an additional 502,237 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Tree.com by 62.5% in the first quarter. Goldman Sachs Group Inc. now owns 8,222 shares of the company’s stock worth $804,000 after buying an additional 3,162 shares during the period. Finally, UBS Group AG raised its stake in shares of Tree.com by 171.2% in the first quarter. UBS Group AG now owns 9,235 shares of the company’s stock worth $903,000 after buying an additional 5,830 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.
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.
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.