Mizuho Cuts Tree.com Inc. (TREE) Price Target to $116.00
Several other analysts also recently weighed in on the stock. Vetr downgraded shares of Tree.com from a strong-buy rating to a buy rating and set a $118.86 price target for the company. in a research note on Tuesday, August 23rd. Zacks Investment Research raised shares of Tree.com from a sell rating to a buy rating and set a $115.00 price target for the company in a research note on Thursday, August 4th. Compass Point lifted their price target on shares of Tree.com from $100.00 to $120.00 and gave the company a buy rating in a research note on Friday, July 29th. RBC Capital Markets reaffirmed a buy rating and set a $150.00 price target on shares of Tree.com in a research note on Thursday, July 28th. Finally, Needham & Company LLC reissued a buy rating on shares of Tree.com in a research note on Monday, June 27th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $128.45.
Shares of Tree.com (NASDAQ:TREE) opened at 88.93 on Friday. Tree.com has a 1-year low of $52.11 and a 1-year high of $131.83. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 22.08 and a beta of 1.15. The stock has a 50 day moving average price of $101.97 and a 200-day moving average price of $91.90.
Tree.com (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was up 71.1% on a year-over-year basis. Equities research analysts forecast that Tree.com will post $3.28 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. increased its position in shares of 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. increased its position in shares of 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 purchased a new position in shares of Tree.com during the first quarter worth $314,000. TIAA CREF Investment Management LLC increased its position in shares of 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, Geode Capital Management LLC increased its position in shares of Tree.com by 11.7% in the first quarter. Geode Capital Management LLC now owns 72,621 shares of the company’s stock worth $7,100,000 after buying an additional 7,592 shares during the period. Institutional investors and hedge funds own 82.63% of the company’s stock.
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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