Lendingtree Inc Stock Price, News & Analysis

LendingTree released its annual ranking of the best U.S. metropolitan areas for first-time homebuyers. The top three cities are Kansas City, MO, Oklahoma City, OK, and Louisville, KY, based on factors like average down payments and buyer credit scores. Oklahoma City and Kansas City reported the lowest average down payments, at $28,777 and $30,219, respectively, compared to the national average of $63,216. Meanwhile, San Diego leads in FHA loan utilization, with 22.6% of buyers opting for this option.

LendingTree, Inc. (NASDAQ: TREE) is set to release its fiscal second quarter 2021 results on July 29, 2021, at 7:00 a.m. ET. A letter to shareholders will be available on their website. The company will also hold a conference call at 9:00 a.m. ET, available via webcast. Interested participants can join by calling 877-606-1416 (toll-free) five minutes prior to the start. A replay of the call will be available through August 6, 2021.

According to a recent LendingTree survey, 70% of Americans are struggling to find products and services due to ongoing shortages. Key findings highlight that 54% are delaying major purchases and projects, while 71% are willing to pay more for products if it leads to higher wages. The most reported shortages include meat, gas, and appliances. The survey reflects a significant consumer impact and emphasizes the importance of patience during these challenging times.

A new report from LendingTree indicates that 48% of credit cardholders prefer using debit cards as their primary payment method. Many credit card users reserve their cards for significant purchases or emergencies to avoid overspending. The survey highlights stress around credit card bills, with 43% of respondents admitting to avoiding their statements, a sentiment especially prevalent among Gen Z (64%) and millennials (60%). The report further reveals that women are 41% more likely than men to carry a balance, while 45% of low-income earners and 22% of those making over $100,000 regularly carry a credit card balance.

On June 14, 2021, a LendingTree report showed that 25% of Americans plan to attend concerts this summer, with 60% of them willing to spend extra to support artists recovering from pandemic losses. The survey indicated that attendance is notably higher among millennials (36%) and Gen Z (32%). Many concertgoers are prepared to incur debt for their experiences, with about half of attendees aged 40 and under considering this option. Additionally, 42% will use credit card rewards to cover costs. These findings reflect a strong desire to return to live events.

LendingTree, Inc. (NASDAQ: TREE) announced its participation in the Evercore ISI Technology, Media, and Telecom Conference scheduled for June 7-9, 2021. CFO Trent Ziegler and President of LendingTree Next J.D. Moriarty will join a fireside chat on June 8 at 8:45 a.m. ET. The session will be webcast live and archived on their investor website. LendingTree, a leader in online financial services, connects consumers with various financial products, including loans and credit services, through its platform.

The recent survey by ValuePenguin reveals that 71% of Americans plan to host or attend barbecues this summer, coinciding with rising COVID-19 vaccinations. Alarmingly, 13% of grill owners have experienced grilling-related accidents, with Gen Z showing the highest risk at 19%. Additionally, 37% of those who grill admit to doing so while intoxicated, increasing the likelihood of injury fourfold. Food safety concerns persist, as one in five Americans believes they’ve suffered food poisoning from barbecues. Most grillers neglect safety measures, with 66% uncertain about insurance coverage for grilling-related incidents.

According to a recent LendingTree survey, approximately 62 million credit cardholders had their credit limits cut or cards closed in early 2021. Nearly one in three cardholders experienced involuntary changes, with Millennials and Gen Z being most affected. While fewer cardholders faced these issues compared to the pandemic's peak, 30% reported limit cuts and 21% account closures. The main reasons included inactivity and credit score drops. To mitigate risks, many consumers have adjusted their spending habits.