Tree.com Upgraded to “Outperform” by Zacks (TREE)
Tree.com (NASDAQ:TREE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $30.20 price target on the stock. Zacks‘s price objective indicates a potential upside of 13.53% from the company’s current price.
Tree.com (NASDAQ:TREE) traded down 0.82% on Friday, hitting $26.60. The stock had a trading volume of 115,772 shares. Tree.com has a 52 week low of $18.02 and a 52 week high of $35.05. The stock’s 50-day moving average is $26.90 and its 200-day moving average is $28.98. The company’s market cap is $301.7 million.
Tree.com (NASDAQ:TREE) last released its earnings data on Tuesday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Tree.com will post $0.49 earnings per share 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.
To view Zacks’ full report, visit Zacks’ official website.
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