Tree.com Trading Up 5.5% After Strong Earnings (TREE)
Tree.com (NASDAQ:TREE) shares were up 5.5% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings, AnalystRatingsNetwork.com reports. The company traded as high as $27.10 and last traded at $26.85, with a volume of 118,263 shares traded. The stock had previously closed at $25.44.
The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.02. The company had revenue of $42.10 million for the quarter, compared to the consensus estimate of $42.55 million. The company’s quarterly revenue was up 12.7% on a year-over-year basis.
Separately, analysts at Zacks upgraded shares of Tree.com from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. They now have a $30.20 price target on the stock. One investment analyst has rated the stock with a sell rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $35.80.
The stock’s 50-day moving average is $26.90 and its 200-day moving average is $29.07. The company has a market cap of $301.7 million and a P/E ratio of 1106.09.
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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