Insider Selling: Tree.com CEO Sells 10,000 Shares of Stock (TREE)
Tree.com (NASDAQ:TREE) CEO Douglas R. Lebda sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.04, for a total value of $320,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,004,133 shares in the company, valued at approximately $64,212,421. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Tree.com (NASDAQ:TREE) traded up 0.35% on Tuesday, hitting $31.85. 27,944 shares of the company’s stock traded hands. Tree.com has a 52-week low of $22.94 and a 52-week high of $35.05. The stock’s 50-day moving average is $26.94 and its 200-day moving average is $28.64. The company’s market cap is $360.2 million.
Tree.com (NASDAQ:TREE) last posted its quarterly earnings results 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. On average, analysts predict that Tree.com will post $0.40 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Tree.com from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $30.20 price target on the stock. One analyst has rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Tree.com presently has a consensus rating of “Hold” and a consensus price target of $35.80.
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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