Needham & Company LLC reissued their buy rating on shares of Tree.com Inc. (NASDAQ:TREE) in a research report report published on Wednesday morning. Needham & Company LLC currently has a $140.00 target price on the stock.
Other analysts have also issued reports about the stock. Royal Bank Of Canada reissued a buy rating on shares of Tree.com in a research report on Thursday, June 16th. Compass Point began coverage on shares of Tree.com in a research report on Thursday, June 2nd. They issued a buy rating and a $100.00 price objective on the stock. Zacks Investment Research raised shares of Tree.com from a sell rating to a buy rating and set a $115.00 price objective on the stock in a research report on Thursday, August 4th. Vetr raised shares of Tree.com from a buy rating to a strong-buy rating and set a $118.86 price objective on the stock in a research report on Wednesday, August 17th. Finally, Mizuho reduced their price objective on shares of Tree.com from $122.00 to $116.00 and set a buy rating on the stock in a research report on Friday, September 16th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Tree.com presently has a consensus rating of Buy and an average target price of $128.45.
Tree.com (NASDAQ:TREE) opened at 97.16 on Wednesday. Tree.com has a 12-month low of $52.11 and a 12-month high of $131.83. The stock’s 50 day moving average is $98.45 and its 200 day moving average is $92.28. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.13 and a beta of 1.12.
Tree.com (NASDAQ:TREE) last announced its earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.20. The firm had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $95.48 million. Tree.com had a net margin of 15.33% and a return on equity of 30.48%. 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 earned $0.63 EPS. Equities analysts predict that Tree.com will post $3.29 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Jackson Square Partners LLC acquired a new position in Tree.com during the second quarter worth about $29,208,000. Lord Abbett & CO. LLC increased its position in Tree.com by 343.0% in the second quarter. Lord Abbett & CO. LLC now owns 287,364 shares of the company’s stock worth $25,383,000 after buying an additional 222,491 shares in the last quarter. Rhumbline Advisers increased its position in Tree.com by 4.5% in the second quarter. Rhumbline Advisers now owns 8,304 shares of the company’s stock worth $733,000 after buying an additional 359 shares in the last quarter. Nationwide Fund Advisors increased its position in Tree.com by 59.9% in the second quarter. Nationwide Fund Advisors now owns 43,927 shares of the company’s stock worth $3,880,000 after buying an additional 16,455 shares in the last quarter. Finally, SG Americas Securities LLC increased 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 in the last quarter. 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.
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