Tree.com CMO Sells $102,244 in Stock (TREE)
Tree.com (NASDAQ:TREE) CMO Gabriel Dalporto sold 3,121 shares of Tree.com stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $32.76, for a total value of $102,243.96. Following the transaction, the chief marketing officer now directly owns 7,944 shares of the company’s stock, valued at approximately $260,245. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TREE has been the subject of a number of recent research reports. Analysts at Stephens raised their price target on shares of Tree.com from $24.00 to $37.00 in a research note to investors on Monday, November 11th. Separately, analysts at BWS Financial raised their price target on shares of Tree.com from $27.00 to $37.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Tree.com from $31.00 to $35.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock.
Shares of Tree.com (NASDAQ:TREE) traded down 0.21% on Wednesday, hitting $32.65. 24,859 shares of the company’s stock traded hands. Tree.com has a 52-week low of $16.00 and a 52-week high of $33.24. The stock’s 50-day moving average is $31.02 and its 200-day moving average is $25.79. The company has a market cap of $363.7 million and a P/E ratio of 58.64.
Tree.com (NASDAQ:TREE) last released its earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.15. The company had revenue of $37.30 million for the quarter, compared to the consensus estimate of $33.75 million. During the same quarter last year, the company posted ($0.16) earnings per share. Analysts expect that Tree.com will post $-0.08 EPS for the current fiscal year.
Tree.com, Inc (NASDAQ:TREE) is the parent of LendingTree, LLC and is the parent of several companies owned by LendingTree, LLC, including Home Loan Center, Inc LendingTree, Inc Tree.
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