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Lendingtree
(NASDAQ:TREE)
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Rating:66Neutral
Price Target:
$34.00
▼(-12.82% Downside)
Action:Reiterated
Date:07/31/26
Overall score is driven primarily by improving financial performance (return to solid profitability and positive free cash flow, with leverage improving but still meaningful). Valuation is a major positive given the very low P/E, and earnings-call commentary supports continued growth and margin progress despite segment-specific pressures. Offsetting these positives, technicals are notably weak with the stock trading well below key moving averages, indicating poor near-term price momentum.
Positive Factors
Profitability & Cash Flow Recovery
LendingTree has restored durable profitability and positive free cash flow with TTM net income and FCF supporting reinvestment, debt reduction or shareholder returns. Sustained margins and positive cash conversion materially improve the company’s ability to fund growth and absorb cyclicality over the next 2–6 months.
Negative Factors
Residual Leverage Risk
Although leverage materially improved from prior years, meaningful net debt still constrains financial flexibility and increases sensitivity to interest costs. Persisting leverage limits the company’s capacity for large M&A, sustained buybacks, or aggressive marketing investment if cash flow weakens unexpectedly.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Cash Flow Recovery
LendingTree has restored durable profitability and positive free cash flow with TTM net income and FCF supporting reinvestment, debt reduction or shareholder returns. Sustained margins and positive cash conversion materially improve the company’s ability to fund growth and absorb cyclicality over the next 2–6 months.
Read all positive factors
Lendingtree Key Performance Indicators (KPIs)
Any
Gross Profit by Segment
Reveals the profitability of different business segments, highlighting which areas are driving financial success and where there might be challenges or opportunities for improvement.
Reveals the profitability of different business segments, highlighting which areas are driving financial success and where there might be challenges or opportunities for improvement.
Data provided by:
The Fly
The FlyLendingtree (TREE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$442.59M
Dividend YieldN/A
Average Volume (3M)266.41K
Price to Earnings (P/E)2.4
Beta (1Y)1.45
Revenue Growth25.29%
EPS GrowthN/A
CountryUS
Employees919
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)12.48
Shares Outstanding13,953,018
10 Day Avg. Volume215,397
30 Day Avg. Volume266,406
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.51
Price to Sales (P/S)0.65
P/FCF Ratio11.88
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$56.00Price Target Upside43.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)5.58
Revenue Forecast (FY)$1.32B
Lendingtree Business Overview & Revenue Model
Company Description
LendingTree, Inc., primarily operating through its subsidiary LT Intermediate Company, LLC, maintains a robust online platform serving consumers throughout the United States. The company structures its diverse financial offerings across three key ...
How the Company Makes Money
LendingTree primarily makes money by monetizing consumer demand for financial products through its marketplace model. Its core revenue streams are: (1) Performance-based marketing/lead generation: When consumers submit requests or applications thr...
Lendingtree Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial positives: double-digit revenue growth, rising adjusted EBITDA, improved efficiency via AI, robust insurance performance, meaningful free cash flow, and a materially improved leverage ratio. The primary near-term concern is a pronounced but described-as-temporary weakness in the SMB lending channel (soft merchant sentiment and Q2 underperformance), plus margin pressure in Home and some compression in insurance variable margins and rising marketing/AI costs. Management positions the SMB weakness as cyclical and already showing early signs of recovery (lender appetite returning and July strength), and the majority of other metrics and strategic initiatives are favorable.Positive Updates
Strong Top-Line and Profit Growth
Revenue increased 25% year-over-year in Q2 2026 and adjusted EBITDA rose 11% year-over-year; company notes it has roughly doubled revenue and adjusted EBITDA from 2023 to 2026.
Negative Updates
SMB Lending Softness in Q2
SMB demand came in softer than forecast in Q2 due to a mix of lender pullback and weak merchant sentiment; as a result Q2 underperformed expectations and SMB guidance for the year could be flat to down versus prior growth trends.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line and Profit Growth
Revenue increased 25% year-over-year in Q2 2026 and adjusted EBITDA rose 11% year-over-year; company notes it has roughly doubled revenue and adjusted EBITDA from 2023 to 2026.
Read all positive updates
Company Guidance
The company’s guidance assumes continued overall growth with a midpoint that reflects nearly a doubling of adjusted EBITDA over the last three years and roughly 12% growth this year; Q2 results showed revenue up 25% YoY and adjusted EBITDA up 11% YoY, insurance revenue +42% YoY with segment profit +25%, Home revenue +9% YoY with segment profit +13% sequentially, and adjusted EBITDA as a percentage of VMD improving 225 bps to 40% (long‑term target 45–50%). Management expects healthy insurance growth in H2 with margins roughly in line with Q2 (mid‑20s variable margin environment), is assuming only the lender recovery observed to date for SMB (so sequential Consumer revenue and VMD improvement but not a return to Q1 record SMB levels; SMB could be flat to down for the year despite averaging ~40% YoY profit growth since early 2024), and is not modeling Home upside given higher rates; OpEx was essentially flat YoY (<1%), annual free cash flow is ~$80M after interest with net leverage down to 1.9x from 3.0x a year ago (providing capacity for debt paydown, buybacks or M&A), and operational/AI initiatives (six new consumer products, ChatGPT rate tool, homepage redesign driving +11% sessions and +18% form starts, July was the best sales month since Q1) are expected to drive further VMD and margin expansion.Lendingtree Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
60
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.27B | 1.12B | 900.22M | 672.50M | 984.99M | 1.10B |
| Gross Profit | 1.22B | 1.05B | 864.15M | 633.74M | 927.22M | 1.04B |
| EBITDA | 138.13M | 103.76M | 73.12M | 35.26M | 17.05M | 60.88M |
| Net Income | 181.66M | 151.31M | -41.70M | -122.40M | -187.95M | 69.11M |
Balance Sheet | ||||||
| Total Assets | 911.63M | 855.69M | 767.67M | 802.76M | 1.20B | 1.30B |
| Cash, Cash Equivalents and Short-Term Investments | 110.77M | 81.07M | 106.59M | 112.05M | 298.85M | 251.23M |
| Total Debt | 432.28M | 439.61M | 544.09M | 611.15M | 912.76M | 748.92M |
| Total Liabilities | 590.86M | 568.89M | 658.85M | 678.63M | 991.37M | 851.36M |
| Stockholders Equity | 320.77M | 286.80M | 108.82M | 124.13M | 207.94M | 447.99M |
Cash Flow | ||||||
| Free Cash Flow | 73.88M | 60.68M | 51.04M | 55.04M | 31.52M | 89.81M |
| Operating Cash Flow | 86.08M | 73.10M | 62.26M | 67.57M | 42.97M | 124.87M |
| Investing Cash Flow | -9.65M | -9.93M | -11.22M | -12.48M | -27.88M | 13.38M |
| Financing Cash Flow | -114.79M | -88.70M | -56.50M | -242.01M | 32.67M | -56.96M |
Lendingtree Technical Analysis
Negative
39.00
Price Trends
39.91
Negative
41.08
Negative
47.05
Negative
Market Momentum
0.33
Positive
37.61
Neutral
5.31
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TREE, the sentiment is Negative. The current price of 39 is below the 20-day moving average (MA) of 42.42, below the 50-day MA of 39.91, and below the 200-day MA of 47.05, indicating a bearish trend. The MACD of 0.33 indicates Positive momentum. The RSI at 37.61 is Neutral, neither overbought nor oversold. The STOCH value of 5.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TREE.
Lendingtree Risk Analysis
Lendingtree disclosed 52 risk factors in its most recent earnings report. Lendingtree reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lendingtree Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $6.31B | 17.78 | 25.76% | ― | 17.65% | 43.92% | |
74 Outperform | $592.19M | 9.47 | 18.34% | ― | 15.61% | 133.31% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $442.59M | 2.41 | 69.56% | ― | 25.29% | ― | |
61 Neutral | $258.43M | 14.58 | 4.63% | ― | -3.81% | ― | |
61 Neutral | $21.13B | 31.98 | 6.18% | ― | 34.08% | -0.29% | |
56 Neutral | $2.59B | 53.79 | 6.59% | ― | 57.69% | ― |
* Financial Sector Average
TREE
Lendingtree
31.86
-17.61
-35.60%
ENVA
Enova International
254.14
153.58
152.72%
OPRT
Oportun Financial
5.54
-0.27
-4.65%
UPST
Upstart Holdings
27.44
-51.78
-65.36%
SOFI
SoFi
16.31
-4.92
-23.17%
NRDS
NerdWallet, Inc. Class A
9.00
-1.54
-14.61%
Lendingtree Corporate Events
Executive/Board ChangesShareholder Meetings
LendingTree shareholders approve directors, pay and auditor
Neutral
Jun 18, 2026
LendingTree, Inc. held its 2026 Annual Meeting of Stockholders on June 17, 2026, with 11,610,156 of 13,953,018 eligible shares represented, constituting a quorum, as investors reviewed governance, compensation and audit matters. Shareholders elect...
Business Operations and StrategyExecutive/Board Changes
LendingTree Chief HR Officer Departs with Transition Plan
Neutral
May 18, 2026
LendingTree announced that Chief Human Resources Officer Jill Olmstead will leave her role, with her employment terminating without cause effective May 31, 2026, and the board’s compensation committee approving severance benefits under its E...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.