Today, Tree.com Inc. (TREE) CRO Sold $204,760.00 in Stock

Today, Tree.com Inc. (TREE) CRO Sold $204,760.00 in Stock

Tree.com Inc. (NASDAQ:TREE) CRO Neil Salvage sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $102.38, for a total transaction of $204,760.00. Following the completion of the transaction, the executive now owns 16,493 shares of the company’s stock, valued at approximately $1,688,553.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Tree.com Inc. (NASDAQ:TREE) opened at 106.55 on Friday. Tree.com Inc. has a one year low of $52.11 and a one year high of $112.00. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 26.22 and a beta of 1.36. The stock has a 50 day moving average of $89.69 and a 200 day moving average of $91.21.

Tree.com (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The company earned $94.60 million during the quarter, compared to the consensus estimate of $97.43 million. Tree.com had a net margin of 14.43% and a return on equity of 26.82%. Tree.com’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. Equities research analysts predict that Tree.com Inc. will post $3.21 EPS for the current fiscal year.

Several research firms recently weighed in on TREE. Vetr upgraded shares of Tree.com from a “hold” rating to a “buy” rating and set a $118.86 price objective for the company in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Thursday, August 4th. Compass Point boosted their price objective on shares of Tree.com from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Mizuho boosted their price objective on shares of Tree.com from $110.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, RBC Capital Markets restated a “buy” rating and issued a $150.00 price objective on shares of Tree.com in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. Tree.com presently has a consensus rating of “Buy” and a consensus price target of $122.99.

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of 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. SG Americas Securities LLC increased its position in shares of 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. Societe Generale bought a new position in shares of Tree.com during the second quarter valued at approximately $247,000. Capstone Asset Management Co. increased its position in shares of Tree.com by 21.1% in the second quarter. Capstone Asset Management Co. now owns 4,760 shares of the company’s stock valued at $420,000 after buying an additional 830 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Tree.com by 4.5% in the second quarter. Rhumbline Advisers now owns 8,304 shares of the company’s stock valued at $733,000 after buying an additional 359 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

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