Tree.com Inc. (NASDAQ:TREE) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday.
According to Zacks, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. “
Several other research firms have also issued reports on TREE. Vetr upgraded Tree.com from a “hold” rating to a “buy” rating and set a $118.86 target price for the company in a research report on Monday, August 8th. Compass Point boosted their target price on 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 target price on Tree.com from $110.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. RBC Capital Markets restated a “buy” rating and set a $150.00 target price on shares of Tree.com in a research report on Thursday, July 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $140.00 target price 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 given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $122.99.
Tree.com (NASDAQ:TREE) traded up 1.17% during mid-day trading on Wednesday, reaching $107.80. 136,820 shares of the company’s stock were exchanged. Tree.com has a 52 week low of $52.11 and a 52 week high of $112.00. The stock has a market cap of $1.27 billion, a P/E ratio of 26.53 and a beta of 1.36. The stock has a 50-day moving average price of $90.00 and a 200-day moving average price of $91.46.
Tree.com (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. The firm earned $94.60 million during 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 for the quarter was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. On average, analysts forecast that Tree.com will post $3.21 earnings per share for the current year.
In other news, CFO Gabriel Dalporto sold 8,425 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $97.58, for a total transaction of $822,111.50. Following the sale, the chief financial officer now owns 8,425 shares in the company, valued at approximately $822,111.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Neil Salvage sold 2,000 shares of the company’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 value of $204,760.00. Following the sale, the executive now owns 16,493 shares in the company, valued at approximately $1,688,553.34. The disclosure for this sale can be found here. 22.00% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its stake 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 in the last quarter. Societe Generale bought a new stake in shares of Tree.com during the second quarter worth about $247,000. SG Americas Securities LLC boosted 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. Bayesian Capital Management LP bought a new stake in shares of Tree.com during the first quarter worth about $314,000. Finally, Capstone Asset Management Co. boosted 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. Institutional investors own 89.77% of the company’s stock.
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.