Tree.com Inc. (TREE) Price Target Cut to $145.00 by Analysts at Loop Capital
Tree.com Inc. (NASDAQ:TREE) had its price target reduced by research analysts at Loop Capital from $150.00 to $145.00 in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target indicates a potential upside of 60.08% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Needham & Company LLC restated a “buy” rating on shares of Tree.com in a report on Monday, June 27th. Royal Bank Of Canada reiterated a “buy” rating on shares of Tree.com in a report on Thursday, June 16th. Zacks Investment Research upgraded Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Thursday, August 4th. Vetr upgraded Tree.com from a “buy” rating to a “strong-buy” rating and set a $118.86 price objective for the company in a report on Wednesday, August 17th. Finally, Mizuho reduced their price objective on Tree.com from $122.00 to $116.00 and set a “buy” rating for the company in a report on Friday, September 16th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Tree.com presently has an average rating of “Buy” and an average price target of $129.63.
Shares of Tree.com (NASDAQ:TREE) opened at 90.58 on Wednesday. The stock has a 50 day moving average of $96.41 and a 200-day moving average of $92.27. Tree.com has a one year low of $52.11 and a one year high of $131.83. The stock has a market capitalization of $1.07 billion, a P/E ratio of 22.49 and a beta of 1.12.
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Tree.com (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.20. Tree.com had a return on equity of 30.48% and a net margin of 15.33%. The firm earned $94.30 million during the quarter, compared to the consensus estimate of $95.48 million. During the same period last year, the company earned $0.63 earnings per share. The company’s revenue was up 71.1% on a year-over-year basis. Equities analysts forecast that Tree.com will post $3.29 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Granahan Investment Management Inc. MA boosted its position in Tree.com by 882.7% in the first quarter. Granahan Investment Management Inc. MA now owns 559,137 shares of the company’s stock worth $54,672,000 after buying an additional 502,237 shares during the last quarter. Jackson Square Partners LLC bought a new position in Tree.com during the second quarter worth $29,208,000. Lord Abbett & CO. LLC boosted its position in Tree.com by 343.0% in the second quarter. Lord Abbett & CO. LLC now owns 287,364 shares of the company’s stock worth $25,383,000 after buying an additional 222,491 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Tree.com during the second quarter worth $11,728,000. Finally, Credit Agricole S A bought a new position in Tree.com during the first quarter worth $6,014,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
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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