Tree.com Inc. (TREE) PT Lowered to $145.00
Tree.com Inc. (NASDAQ:TREE) had its price target decreased by investment analysts at Loop Capital from $150.00 to $145.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Loop Capital’s target price points to a potential upside of 60.08% from the company’s previous close.
A number of other equities research analysts also recently weighed in on TREE. Royal Bank Of Canada reiterated a “buy” rating on shares of Tree.com in a research note on Thursday, June 16th. Needham & Company LLC reissued a “buy” rating on shares of Tree.com in a report on Monday, June 27th. RBC Capital Markets reissued a “buy” rating and set a $150.00 price objective on shares of Tree.com in a report on Thursday, July 28th. Mizuho lifted their price objective on Tree.com from $110.00 to $122.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Compass Point lifted their price objective on Tree.com from $100.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Tree.com currently has an average rating of “Buy” and a consensus target price of $129.63.
Shares of Tree.com (NASDAQ:TREE) opened at 90.58 on Wednesday. Tree.com has a 12-month low of $52.11 and a 12-month high of $131.83. The company has a 50-day moving average of $96.41 and a 200 day moving average of $92.27. The firm has a market capitalization of $1.07 billion, a PE ratio of 22.49 and a beta of 1.12.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/tree-com-inc-tree-pt-lowered-to-145-00.html
Tree.com (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.20. Tree.com had a net margin of 15.33% and a return on equity of 30.48%. The firm had revenue of $94.30 million for the quarter, compared to the consensus estimate of $95.48 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. The business’s revenue was up 71.1% compared to the same quarter last year. On average, analysts predict that Tree.com will post $3.29 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Seven Eight Capital LLC raised its stake in shares of Tree.com by 114.5% in the first quarter. Seven Eight Capital LLC now owns 11,797 shares of the company’s stock worth $1,154,000 after buying an additional 6,297 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Tree.com during the first quarter worth approximately $314,000. Granahan Investment Management Inc. MA raised its stake in shares of 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. Goldman Sachs Group Inc. raised its stake in shares of Tree.com by 62.5% in the first quarter. Goldman Sachs Group Inc. now owns 8,222 shares of the company’s stock worth $804,000 after buying an additional 3,162 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Tree.com by 171.2% in the first quarter. UBS Group AG now owns 9,235 shares of the company’s stock worth $903,000 after buying an additional 5,830 shares during the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.
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.
Receive News & Ratings for Tree.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tree.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.