Lendingtree Inc Stock Price, News & Analysis

LendingTree, Inc. (NASDAQ: TREE) will release its fiscal third quarter 2020 results on November 5, 2020, at 7:00 a.m. ET. A shareholder letter will be posted on their website. The company will host a conference call at 9:00 a.m. ET on the same day, which will also be webcast. Interested participants can dial in five minutes prior. Replay of the call will be available from 12:00 p.m. ET on November 5 until 12:00 p.m. ET on November 13. For more details, visit investors.lendingtree.com.

LendingTree surveyed over 1,000 U.S. consumers in early October 2020, revealing key insights into holiday shopping trends amid the COVID-19 pandemic. Notably, 25% of consumers have completed their holiday shopping already, with 44% of parents with children under 18 doing the same. However, 31% expect to incur debt this holiday season, particularly 55% of parents and 47% of those laid off or furloughed. Additionally, 59% of parents plan to spend more this year, while 22% of shoppers will purchase gifts online.

The recent LendingTree survey reveals significant changes in grocery shopping habits due to the pandemic. Average weekly grocery spending surged by 17%, rising from $163 to $190.

Approximately 31% of consumers report frequently overspending, with men notably overspending more than women. Despite going to stores less often, 63% of consumers now order food delivery weekly, particularly Gen X at 86%.

This increased spending amounts to around $100 more monthly, impacting household budgets during the ongoing crisis.

The latest report from CompareCards reveals that 57% of credit cardholders feel better off financially today than anticipated at the pandemic's start, with only 16% disagreeing. Key factors include job stability and government assistance, with 30% citing job security as a reason for financial improvement. However, disparities exist based on gender and political affiliation, with 72% of men feeling better off compared to 40% of women. The report highlights a need for broader economic support across diverse demographics.

CHARLOTTE, N.C., Sept. 30, 2020 /PRNewswire/ -- A new LendingTree survey reveals that 74% of small business owners have taken on debt due to COVID-19 disruptions, with 37% resorting to credit cards and 28% borrowing from family. Only 10% of those who received Paycheck Protection Program funding found it fully alleviating their financial troubles. 43% report more than 51%% revenue decline. While 13% have resumed operations completely, 62% say PPP funds helped somewhat, indicating ongoing struggles for many small businesses.

QuoteWizard, a LendingTree company, released a report analyzing millennial homeownership trends across the U.S. from 2013 to 2019. The report reveals that almost half of the states experienced growth in millennial ownership, with significant correlations to home value and mortgage balance. Notably, states with higher median home values saw increased homeownership rates, indicating a focus on home value investments rather than affordability. Median home values rose by 27%, while median incomes for millennials grew by only 17%. The report identified Vermont, Oregon, and Maine as top states for this demographic.