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LendingTree, Inc. - TREE STOCK NEWS

Welcome to our dedicated page for LendingTree news (Ticker: TREE), a resource for investors and traders seeking the latest updates and insights on LendingTree stock.

LendingTree, Inc. (NASDAQ: TREE) is a premier online loan marketplace designed to simplify the financing process for consumers in the United States. Headquartered in Charlotte, NC, LendingTree offers a broad array of financial products through its extensive network of over 500 financial partners. The company's primary offerings include home loans, personal loans, auto loans, credit cards, student loans, small business loans, and insurance products.

Founded with the goal of providing consumers with competitive loan options, LendingTree allows users to complete a single online loan request and receive multiple real offers from various lenders. This transparent approach enables users to compare and select the offer that best fits their financial needs. The company operates three main segments: Home, Consumer, and Insurance.

Recent achievements highlight LendingTree's robust leadership and growth. In 2023, Scott Peyree was appointed Chief Operating Officer and President of Marketplace Businesses. Under Peyree’s leadership, the company has seen enhanced operational efficiencies and strategic growth, particularly within its insurance vertical.

Financially, LendingTree has demonstrated resilience amid challenging economic conditions. In the third quarter of 2023, the company reported an Adjusted EBITDA of $22 million, achieving an EBITDA margin of 14%. This success is attributed to disciplined expense management and strategic operational improvements.

LendingTree's latest innovation, the LendingTree Spring app, launched in 2024, underscores the company's commitment to financial wellness. The app is designed to help users cultivate smart money habits, providing them with personalized financial strategies to manage their credit health and finances effectively.

In March 2024, LendingTree secured up to $175 million in financing from Apollo Funds, strengthening their financial position and enabling further innovation across their product offerings. The company continues to focus on profitability and growth, with strong performance in the insurance segment and stable conditions in the consumer lending space.

LendingTree continues to adapt and navigate the economic landscape, using advanced analytics and proprietary systems to optimize marketing strategies and match consumers with the best financial products available. For more information, visit www.lendingtree.com.

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QuoteWizard, a LendingTree company, released a report on December 21, 2020, analyzing holiday travel risks across U.S. states. Key findings highlight serious dangers from COVID-19 and traffic. Over 3,100 deaths occurred on Thanksgiving Day, and the NHTSA estimated 799 auto fatalities during Christmas. Notably, states like West Virginia and Kentucky have high-risk seniors, while North Dakota leads in COVID-19 cases. The report assesses metrics such as driving safety and health conditions to rank the riskiest states for travel.

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QuoteWizard, a LendingTree company, released a report on COVID-19 vaccine acceptance across the U.S., ranking all states based on vaccination rates. In 2019, the national average for age-appropriate vaccinations among adults was 40%. A Gallup poll indicated that 42% of adults would not take a COVID-19 vaccine. Massachusetts, Rhode Island, and Maryland exhibited the highest vaccination rates, while Nevada, Wyoming, and Georgia ranked the lowest. The report highlighted an average increase of 5.3% in vaccinations between 2015 and 2019.

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On December 1, 2020, a LendingTree survey revealed that over 86.7 million Americans (34%) are actively stockpiling household supplies in anticipation of a winter wave of COVID-19, with an additional 35% planning to do so. Key items purchased include food (64%), hand sanitizer (61%), and cleaning supplies (60%). On average, consumers spent $359 on supplies recently, up from $178 earlier in the pandemic. Additionally, 27% of consumers have credit card debt linked to these purchases. The survey, conducted from November 6-9, 2020, highlights the ongoing financial impact of the pandemic.

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In 2021, U.S. health insurance costs average $496 per month, totaling $5,952 annually, marking a 1.59% drop from 2020. However, variances exist across states, with West Virginia having the highest premiums at $712/month, 43.14% above the national average. Notably, New Jersey saw a 9% increase due to a new state-run marketplace, while Pennsylvania's costs decreased by 8%. HMO and POS plans exhibited the largest premium drops, approaching 10.67% and 9.04% respectively. Analysts warn that overall costs may rise slightly due to anticipated claims from delayed procedures during the COVID-19 pandemic.

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LendingTree, Inc. (NASDAQ: TREE) announced the pricing of a public offering of 2,955,984 shares of common stock by Ventures Holdco II, LLC at $295.00 per share, set to close on November 18, 2020. Additionally, a Concurrent Private Placement will involve 488,005 shares purchased by Royal Bank of Canada, contingent upon the public offering's completion. Post-offering, GCI Liberty will no longer own any shares, leading to the termination of its Spinco Agreement and the resignation of director Courtnee Chun. LendingTree will not receive any proceeds from these transactions.

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LendingTree, Inc. (NASDAQ: TREE) announced a public offering of 2,955,984 shares of common stock by Ventures Holdco II, LLC, a subsidiary of GCI Liberty. Additionally, 488,005 shares will be offered in a concurrent private placement to Royal Bank of Canada. The public offering is independent of the private placement, although the latter depends on the former's completion. Post-offering, GCI Liberty will no longer hold shares in LendingTree, resulting in the termination of its board nomination rights. LendingTree will not receive proceeds from either offering.

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FAQ

What is the current stock price of LendingTree (TREE)?

The current stock price of LendingTree (TREE) is $39.61 as of December 20, 2024.

What is the market cap of LendingTree (TREE)?

The market cap of LendingTree (TREE) is approximately 533.5M.

What services does LendingTree offer?

LendingTree offers a range of financial products including home loans, personal loans, auto loans, credit cards, student loans, small business loans, insurance, and more.

How does LendingTree work?

Consumers can submit a single online loan request and receive multiple offers from various lenders, allowing them to compare and choose the best option for their needs.

Who is the current CEO of LendingTree?

Doug Lebda is the founder and CEO of LendingTree.

What is LendingTree Spring?

LendingTree Spring is a newly launched app that provides users with personalized financial strategies and tools to manage their finances and improve their credit health.

Where is LendingTree headquartered?

LendingTree is headquartered in Charlotte, North Carolina.

How many financial partners does LendingTree have?

LendingTree has a network of over 500 financial partners.

What recent financial performance highlights has LendingTree reported?

In the third quarter of 2023, LendingTree reported $22 million in Adjusted EBITDA with a 14% EBITDA margin.

What is LendingTree's market focus?

LendingTree focuses on providing a transparent, competitive loan marketplace for various financial products within the United States.

What recent leadership changes have occurred at LendingTree?

Scott Peyree was named Chief Operating Officer and President of Marketplace Businesses in 2023.

How does LendingTree support financial wellness?

LendingTree supports financial wellness through innovative products like the LendingTree Spring app, which offers personalized financial recommendations and tools.

LendingTree, Inc.

Nasdaq:TREE

TREE Rankings

TREE Stock Data

533.55M
10.93M
17.98%
80.19%
6.35%
Financial Conglomerates
Loan Brokers
Link
United States of America
CHARLOTTE