RBC Capital Markets reissued their outperform rating on shares of Tree.com Inc. (NASDAQ:TREE) in a research note issued to investors on Monday. RBC Capital Markets currently has a $145.00 target price on the stock, down from their previous target price of $150.00.
Other research analysts have also recently issued research reports about the company. Needham & Company LLC reaffirmed a buy rating on shares of Tree.com in a report on Monday, June 27th. Mizuho upped their price target on Tree.com from $110.00 to $122.00 and gave the company a buy rating in a report on Friday, July 29th. Royal Bank Of Canada reaffirmed a buy rating on shares of Tree.com in a report on Thursday, June 16th. Bank of America Corp. reaffirmed a buy rating and issued a $115.00 price target on shares of Tree.com in a report on Friday, May 27th. Finally, Compass Point assumed coverage on Tree.com in a report on Thursday, June 2nd. They issued a buy rating and a $100.00 price target on the stock. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $128.45.
Tree.com (NASDAQ:TREE) opened at 93.99 on Monday. The firm has a market cap of $1.11 billion, a PE ratio of 23.34 and a beta of 1.15. The company has a 50-day moving average price of $101.44 and a 200-day moving average price of $91.90. Tree.com has a one year low of $52.11 and a one year high of $131.83.
Tree.com (NASDAQ:TREE) last released its earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.20. The firm 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 firm’s revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. Equities analysts predict that Tree.com will post $3.29 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of TREE. Granahan Investment Management Inc. MA increased its position in 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. Jackson Square Partners LLC bought a new position in Tree.com during the second quarter worth $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 during the period. Emerald Acquisition Ltd. bought a new position in Tree.com during the second quarter worth $11,728,000. Finally, Credit Agricole S A bought a new position in Tree.com during the first quarter worth $6,014,000. 82.63% of the stock is currently 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.
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