Tree.com Sets New 52-Week High at $33.69 (TREE)
Tree.com (NASDAQ:TREE) hit a new 52-week high on Tuesday , American Banking and Market News reports. The company traded as high as $33.69 and last traded at $33.48, with a volume of 124,678 shares trading hands. The stock had previously closed at $32.67.
Separately, analysts at Zacks upgraded shares of Tree.com from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $33.20 price target on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.55.
The stock has a 50-day moving average of $32.48 and a 200-day moving average of $28.75. The company has a market cap of $374.2 million and a price-to-earnings ratio of 58.55.
In other Tree.com news, CMO Gabriel Dalporto sold 4,060 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $33.12, for a total transaction of $134,467.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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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