According to Zacks, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. “
A number of other research firms also recently issued reports on TREE. Vetr upgraded shares of Tree.com from a buy rating to a strong-buy rating and set a $118.86 target price for the company in a report on Wednesday, August 17th. Compass Point boosted their target price on shares of Tree.com from $100.00 to $120.00 and gave the company a buy rating in a report on Friday, July 29th. RBC Capital Markets restated an outperform rating and issued a $145.00 target price (down from $150.00) on shares of Tree.com in a report on Monday, September 19th. Mizuho lowered their target price on shares of Tree.com from $122.00 to $116.00 and set a buy rating for the company in a report on Friday, September 16th. Finally, Needham & Company LLC restated a buy rating and issued a $140.00 target price on shares of Tree.com in a report on Wednesday, September 28th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $128.45.
Shares of Tree.com (NASDAQ:TREE) opened at 96.91 on Wednesday. The firm has a 50 day moving average of $98.83 and a 200-day moving average of $92.25. The stock has a market capitalization of $1.14 billion, a P/E ratio of 24.07 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 released its earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.20. Tree.com had a net margin of 15.33% and a return on equity of 30.48%. The firm earned $94.30 million during the quarter, compared to the consensus estimate of $95.48 million. During the same period in the previous year, the firm earned $0.63 earnings per share. Tree.com’s revenue was up 71.1% compared to the same quarter last year. Analysts forecast that Tree.com will post $3.29 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Tree.com by 3.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,154 shares of the company’s stock worth $112,000 after buying an additional 40 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Tree.com by 121.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,126 shares of the company’s stock worth $188,000 after buying an additional 1,168 shares during the period. Societe Generale bought a new stake in shares of Tree.com during the second quarter worth about $247,000. SG Americas Securities LLC raised its stake in shares of 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 during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of Tree.com during the first quarter worth about $314,000. 82.63% of the stock is currently owned by institutional investors and hedge funds.
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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