RBC Capital Markets Reiterates Outperform Rating for Tree.com Inc. (TREE)
Tree.com Inc. (NASDAQ:TREE)‘s stock had its “outperform” rating reaffirmed by equities research analysts at RBC Capital Markets in a report issued on Monday. They presently have a $145.00 target price on the stock, down from their prior target price of $150.00. RBC Capital Markets’ price target would indicate a potential upside of 56.64% from the stock’s current price.
Several other research analysts have also issued reports on the stock. Needham & Company LLC restated a “buy” rating on shares of Tree.com in a research report on Monday, June 27th. Royal Bank Of Canada reiterated a “buy” rating on shares of Tree.com in a research report on Thursday, June 16th. Compass Point started coverage on shares of Tree.com in a research report on Thursday, June 2nd. They set a “buy” rating and a $100.00 price objective on the stock. Zacks Investment Research upgraded shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Thursday, August 4th. Finally, Vetr upgraded shares of Tree.com from a “buy” rating to a “strong-buy” rating and set a $118.86 price objective on the stock in a research report on Wednesday, August 17th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $128.45.
Tree.com (NASDAQ:TREE) traded down 0.624% on Monday, reaching $91.992. The company’s stock had a trading volume of 67,320 shares. The stock has a 50 day moving average price of $102.35 and a 200-day moving average price of $91.92. Tree.com has a 1-year low of $52.11 and a 1-year high of $131.83. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.844 and a beta of 1.15.
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Tree.com (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.20. The firm had revenue of $94.30 million for the quarter, compared to analyst estimates of $95.48 million. Tree.com had a net margin of 15.33% and a return on equity of 30.48%. The firm’s quarterly revenue was up 71.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Equities analysts predict that Tree.com will post $3.29 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in Tree.com by 3.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,154 shares of the company’s stock valued at $112,000 after buying an additional 40 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Tree.com by 121.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,126 shares of the company’s stock valued at $188,000 after buying an additional 1,168 shares during the last quarter. Societe Generale acquired a new stake in Tree.com during the second quarter valued at about $247,000. SG Americas Securities LLC raised its stake in Tree.com by 5.6% in the second quarter. SG Americas Securities LLC now owns 2,791 shares of the company’s stock valued at $247,000 after buying an additional 147 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Tree.com during the first quarter valued at about $314,000. 82.63% of the stock is owned by institutional investors and hedge funds.
Tree.com Company Profile
LendingTree, Inc (LendingTree), formerly Tree.com, Inc, is engaged in operating an online loan marketplace for consumers. The Company offers a range of loan types and other credit-based offerings for its consumers. The Company operates through Lending activities segment. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings.
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