Trade Report: The Tree.com Inc. (TREE) PT Lowered to $145.00

The 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.

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

Related posts

Leave a Comment