Shares of Tree.com Inc. (NASDAQ:TREE) have been given an average rating of “Buy” by the fourteen brokerages that are presently covering the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $127.71.
TREE has been the subject of several recent analyst reports. Vetr raised Tree.com from a “buy” rating to a “strong-buy” rating and set a $118.86 price target for the company in a report on Wednesday, August 17th. Zacks Investment Research raised Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price target for the company in a report on Thursday, August 4th. Compass Point raised their price target on Tree.com from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 29th. RBC Capital Markets reissued an “outperform” rating and issued a $145.00 price target (down previously from $150.00) on shares of Tree.com in a report on Monday, September 19th. Finally, Mizuho reduced their price objective on Tree.com from $122.00 to $116.00 and set a “buy” rating for the company in a research note on Friday, September 16th.
Tree.com (NASDAQ:TREE) opened at 91.95 on Thursday. The firm has a 50-day moving average price of $96.75 and a 200 day moving average price of $92.28. Tree.com has a 1-year low of $52.11 and a 1-year high of $131.83. The company has a market capitalization of $1.08 billion, a P/E ratio of 22.83 and a beta of 1.12.
Tree.com (NASDAQ:TREE) last issued its quarterly 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. The business earned $94.30 million during the quarter, compared to the consensus estimate of $95.48 million. Tree.com had a return on equity of 30.48% and a net margin of 15.33%. The company’s quarterly revenue was up 71.1% on a year-over-year basis. During the same quarter last year, the company earned $0.63 earnings per share. On average, equities analysts predict that Tree.com will post $3.29 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in TREE. 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 worth $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 worth $3,990,000 after buying an additional 40,799 shares during the period. Bayesian Capital Management LP acquired a new stake in Tree.com during the first quarter worth 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 worth $4,089,000 after buying an additional 5,609 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Tree.com by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 166,408 shares of the company’s stock worth $16,271,000 after buying an additional 3,385 shares during the period. 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.
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