Insider Selling: Douglas R. Lebda Sells 9,016 Shares of Tree.com Stock (TREE)
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.