Tree.com Inc. (NASDAQ:TREE) CRO Neil Salvage sold 1,500 shares of Tree.com stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $107.11, for a total value of $160,665.00. Following the sale, the executive now directly owns 13,793 shares in the company, valued at approximately $1,477,368.23. The sale was disclosed in a document filed with the SEC, which is available at this link.
Neil Salvage also recently made the following trade(s): On Tuesday, November 22nd, Neil Salvage sold 2,000 shares of Tree.com stock. The stock was sold at an average price of $102.38, for a total value of $204,760.00.
Tree.com Inc. (NASDAQ:TREE) traded up 0.42% during midday trading on Monday, hitting $108.25. The stock had a trading volume of 5,012 shares. Tree.com Inc. has a 52 week low of $52.11 and a 52 week high of $112.00. The company’s 50-day moving average price is $90.00 and its 200 day moving average price is $91.46. The company has a market capitalization of $1.28 billion, a PE ratio of 26.64 and a beta of 1.36.
Tree.com (NASDAQ:TREE) last announced its earnings results on Thursday, October 27th. The company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. The firm had revenue of $94.60 million for the quarter, compared to the consensus estimate 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 for the quarter was up 35.5% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. On average, analysts expect that Tree.com Inc. will post $3.21 EPS for the current year.
Several brokerages have recently weighed in on TREE. Zacks Investment Research lowered Tree.com from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price target on shares of Tree.com in a research note on Wednesday, September 28th. Loop Capital decreased their price target on Tree.com from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, October 12th. RBC Capital Markets set a $145.00 price target on Tree.com and gave the company a “buy” rating in a research note on Monday, October 24th. Finally, Mizuho decreased their price target on Tree.com from $122.00 to $116.00 and set a “buy” rating on the stock in a research note on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $122.99.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised 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 worth $188,000 after buying an additional 1,168 shares during the period. SG Americas Securities LLC increased its stake 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 worth $247,000 after buying an additional 147 shares in the last quarter. Societe Generale bought a new stake in shares of Tree.com during the second quarter worth about $247,000. Capstone Asset Management Co. increased its stake 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 worth $420,000 after buying an additional 830 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Tree.com by 4.5% in the second quarter. Rhumbline Advisers now owns 8,304 shares of the company’s stock worth $733,000 after buying an additional 359 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.
Tree.com Company Profile