Lendingtree Inc Stock Price, News & Analysis

LendingTree will announce its fiscal first quarter 2021 results on April 29, 2021, at 7:00 a.m. ET. A letter to shareholders will be posted on its investor website. A conference call will follow at 9:00 a.m. ET, accessible via webcast or by phone. Investors can dial in five minutes early, and a replay will be available until May 7, 2021. LendingTree is a leading online marketplace for financial services, connecting consumers to various financial products.

According to a recent LendingTree survey by ValuePenguin, 78% of Americans experience stress weekly, with 15% feeling it daily. The survey highlights that 44% of respondents regard the pandemic as their most stressful time. Money (22%) is identified as the leading stress source, with work and health issues following. Stress peaks on Mondays (19%) and in the mornings. Gen Xers are the most stressed generation. The survey included 1,016 U.S. consumers from March 17-22, 2021.

According to a report by LendingTree, approximately 59% of Americans adopted new hobbies during the COVID-19 pandemic, particularly among those laid off (82%), Gen Z (76%), and millennials (74%). The most common hobby was reading (61%), followed by cooking (36%) and gardening (30%). While 48% turned their hobbies into side hustles, 53% ended up with credit card debt, mainly due to purchasing special equipment. Despite this, 79% plan to continue their hobbies post-pandemic. The survey included 1,013 U.S. consumers conducted from Feb. 26 to March 1, 2021.

LendingTree has released a study revealing that 60% of Americans are burdened by medical debt, with 37% currently in debt and 23% having experienced it in the past. The average medical debt ranges between $5,000 and $9,999. Major contributors to this debt include emergency visits (39%) and surgeries (26%). Furthermore, 72% of those in debt feel it hinders major life milestones, such as saving for retirement and home ownership. Notably, 93% of individuals who negotiate medical bills successfully reduce or eliminate their debt.

According to a new report by ValuePenguin.com under LendingTree, the financial burden of adding a teenage driver at age 16 can reach $5,380 annually, equating to up to 19% of a family's income in certain states. By delaying until age 22, families can save an average of $33,091 over six years. Families in states like Michigan and Louisiana face the highest costs, while lower-income households bear significantly higher insurance premiums. Encouraging teens to wait before driving could be financially beneficial.

CHARLOTTE, N.C., March 22, 2021 /PRNewswire/ -- A recent LendingTree report reveals a significant uptick in credit cardholders negotiating better terms, with 83% successfully lowering their APR. The pandemic's financial strain drove 71% of requests, with women increasingly asking for fee waivers and showing improved success rates. Key findings show 88% achieved waived late fees and 92% reduced annual fees.

Less than half of annual fee cardholders requested reductions despite high success rates, indicating underutilization of options available to consumers.

A recent LendingTree survey reveals that superstitions significantly influence American homebuyers. About 38% have skipped home purchases due to superstitious beliefs, with 51% being men. Additionally, 39% refuse to buy homes near cemeteries, and 32% would avoid homes with unlucky street numbers. Alarmingly, 47% of buyers would exceed their budget for a "lucky" property, averaging $38,000 over their target price. Moreover, 43% of former sellers faced challenges selling to superstitious buyers.

According to a recent LendingTree survey of over 1,500 Americans, 81% spend on at least one streaming service. Netflix leads with 60% subscription, while nearly 40% admit to using others' accounts, mainly for Netflix. The survey indicates that 43% of consumers feel it's unfair to mooch, yet 51% allow others to use their accounts. Parents are more financially burdened, with 34% spending over $50 monthly. Surprisingly, only 37% of streamers leverage credit card rewards for subscriptions, despite available options.