Tree.com CFO Alexander Mandel Sells 5,000 Shares (TREE)
Tree.com (NASDAQ:TREE) CFO Alexander Mandel sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the transaction, the chief financial officer now directly owns 21,009 shares of the company’s stock, valued at approximately $672,288. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 investment analyst has rated the stock with a sell rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.80.
Tree.com (NASDAQ:TREE) traded up 0.38% on Tuesday, hitting $31.86. The stock had a trading volume of 59,850 shares. Tree.com has a 1-year low of $22.94 and a 1-year 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 $360.3 million.
Tree.com (NASDAQ:TREE) last announced its earnings results on Tuesday, August 5th. 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. On average, analysts predict that Tree.com will post $0.40 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.
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