Trading Report: Today, Tree.com Inc. (TREE) Price Target Raised to $122.00

Today, Tree.com Inc. (TREE) Price Target Raised to $122.00

Tree.com Inc. (NASDAQ:TREE) had its target price boosted by Mizuho from $102.00 to $122.00 in a research report sent to investors on Monday morning. The brokerage currently has a buy rating on the stock.

TREE has been the subject of a number of other research reports. RBC Capital Markets reiterated a buy rating and issued a $150.00 price target on shares of Tree.com in a research report on Thursday, July 28th. Compass Point increased their price target on Tree.com from $100.00 to $120.00 and gave the company a buy rating in a research report on Friday, July 29th. Zacks Investment Research upgraded Tree.com from a sell rating to a buy rating and set a $115.00 price target for the company in a research report on Thursday, August 4th. Vetr upgraded Tree.com from a hold rating to a buy rating and set a $118.86 price target for the company in a research report on Monday, August 8th. Finally, Needham & Company LLC reiterated a buy rating and issued a $140.00 price target on shares of Tree.com in a research report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $122.99.

Shares of Tree.com (NASDAQ:TREE) opened at 106.55 on Monday. Tree.com has a 52-week low of $52.11 and a 52-week high of $112.00. The company’s 50-day moving average is $89.69 and its 200-day moving average is $91.21. The firm has a market cap of $1.26 billion, a P/E ratio of 26.22 and a beta of 1.36.

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

In other news, Director Steven Ozonian sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $101.85, for a total transaction of $305,550.00. Following the completion of the sale, the director now directly owns 19,396 shares of the company’s stock, valued at approximately $1,975,482.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gabriel Dalporto sold 8,425 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $97.58, for a total value of $822,111.50. Following the sale, the chief financial officer now directly owns 8,425 shares of the company’s stock, valued at $822,111.50. The disclosure for this sale can be found here. Insiders own 22.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC increased its stake in Tree.com by 15.5% in the first quarter. TIAA CREF Investment Management LLC now owns 41,815 shares of the company’s stock worth $4,089,000 after buying an additional 5,609 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Tree.com by 2.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 166,408 shares of the company’s stock worth $16,271,000 after buying an additional 3,385 shares during the last quarter. UBS Group AG increased its position 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. Goldman Sachs Group Inc. increased its position 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, Seven Eight Capital LLC increased its position 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. 89.77% of the stock is owned by institutional investors.

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