Share on StockTwits

Tree.com (NASDAQ:TREE) CEO Douglas R. Lebda sold 9,016 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $32.00, for a total transaction of $288,512.00. Following the sale, the chief executive officer now directly owns 1,995,117 shares of the company’s stock, valued at approximately $63,843,744. The sale was disclosed in a filing with the SEC, which is available at this link.

Tree.com (NASDAQ:TREE) traded up 0.28% during mid-day trading on Friday, hitting $31.99. The stock had a trading volume of 78,817 shares. 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 $27.24 and its 200-day moving average is $28.69. The company’s market cap is $361.7 million.

Tree.com (NASDAQ:TREE) last announced its earnings results on Tuesday, August 5th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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. Tree.com’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Tree.com will post $0.40 EPS 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 research analyst has rated the stock with a sell rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.