Tree.com Inc. (NASDAQ:TREE) had its price target decreased by Loop Capital from $150.00 to $145.00 in a research report report published on Wednesday. Loop Capital currently has a buy rating on the stock.
A number of other research analysts also recently commented on TREE. Compass Point upped their price objective on Tree.com from $100.00 to $120.00 and gave the stock a buy rating in a research note on Friday, July 29th. Mizuho increased their price objective on Tree.com from $110.00 to $122.00 and gave the stock a buy rating in a research note on Friday, July 29th. RBC Capital Markets reaffirmed a buy rating and issued a $150.00 target price on shares of Tree.com in a research report on Thursday, July 28th. Needham & Company LLC reaffirmed a buy rating and issued a $140.00 target price on shares of Tree.com in a research report on Wednesday, September 28th. Finally, Vetr raised Tree.com from a hold rating to a buy rating and set a $118.86 target price on the stock in a research report on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $129.63.
Shares of Tree.com (NASDAQ:TREE) opened at 88.87 on Wednesday. The firm has a 50-day moving average price of $95.18 and a 200-day moving average price of $92.20. The firm has a market cap of $1.05 billion, a P/E ratio of 22.07 and a beta of 1.12. Tree.com has a 12-month low of $52.11 and a 12-month high of $131.83.
Tree.com (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.20. The business had revenue of $94.30 million for the quarter, compared to analyst estimates of $95.48 million. Tree.com had a return on equity of 30.48% and a net margin of 15.33%. The business’s revenue was up 71.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, equities research analysts expect that Tree.com will post $3.29 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its stake in Tree.com by 0.9% in the first quarter. Prudential Financial Inc. now owns 16,665 shares of the company’s stock valued at $1,630,000 after buying an additional 150 shares during the period. JPMorgan Chase & Co. boosted its stake in Tree.com by 582,842.9% in the first quarter. JPMorgan Chase & Co. now owns 40,806 shares of the company’s stock valued at $3,990,000 after buying an additional 40,799 shares during the period. Bayesian Capital Management LP purchased a new stake in Tree.com during the first quarter valued at approximately $314,000. TIAA CREF Investment Management LLC boosted its stake in Tree.com by 15.5% in the first quarter. TIAA CREF Investment Management LLC now owns 41,815 shares of the company’s stock valued at $4,089,000 after buying an additional 5,609 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in Tree.com by 59.9% in the second quarter. Nationwide Fund Advisors now owns 43,927 shares of the company’s stock valued at $3,880,000 after buying an additional 16,455 shares during the period. 82.67% of the stock is owned by institutional investors.
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.