Tree.com Inc. (TREE) Stock Rating Reaffirmed by RBC Capital Markets

Tree.com Inc. (NASDAQ:TREE)‘s stock had its “buy” rating reaffirmed by stock analysts at RBC Capital Markets in a research note issued on Thursday. They currently have a $150.00 target price on the stock. RBC Capital Markets’ target price would suggest a potential upside of 46.64% from the stock’s previous close.

Tree.com (NASDAQ:TREE) traded up 7.11% during mid-day trading on Thursday, reaching $102.29. 1,359,601 shares of the company’s stock were exchanged. The company’s 50-day moving average is $88.81 and its 200 day moving average is $83.36. Tree.com has a one year low of $52.11 and a one year high of $139.59. The firm has a market capitalization of $1.22 billion and a P/E ratio of 26.74.

Tree.com (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.72 by $0.20. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $95.48 million. The firm’s quarterly revenue was up 71.1% compared to the same quarter last year. Equities analysts predict that Tree.com will post $3.08 earnings per share for the current fiscal year.

In other Tree.com news, COO Nikul Patel sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $88.17, for a total value of $220,425.00. Following the completion of the transaction, the chief operating officer now directly owns 30,500 shares in the company, valued at $2,689,185. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas R. Lebda bought 5,000 shares of Tree.com stock in a transaction on Friday, May 13th. The stock was purchased at an average price of $67.67 per share, with a total value of $338,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,710,069 shares of the company’s stock, valued at approximately $115,720,369.23. The disclosure for this purchase can be found here.

Other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Tree.com by 3.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,154 shares of the company’s stock worth $112,000 after buying an additional 40 shares in the last quarter. 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 worth $188,000 after buying an additional 1,168 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Tree.com during the first quarter worth approximately $314,000. UMB Bank N A MO purchased a new position in shares of Tree.com during the first quarter worth approximately $440,000. Finally, 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 worth $420,000 after buying an additional 830 shares in the last quarter.

TREE has been the subject of several other reports. Northland Securities reaffirmed an “outperform” rating and set a $120.00 price objective (up from $100.00) on shares of Tree.com in a research note on Monday, April 4th. TheStreet lowered shares of Tree.com from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Bank of America Corp. reissued a “buy” rating and set a $115.00 target price on shares of Tree.com in a research note on Friday, May 27th. Zacks Investment Research raised shares of Tree.com from a “hold” rating to a “strong-buy” rating and set a $103.00 target price for the company in a research note on Wednesday, April 27th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Tree.com in a research note on Thursday, June 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $124.50.

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.