LendingTree, Inc. - TREE STOCK NEWS

ValuePenguin.com reports that in 2022, Americans will spend an average of $541 monthly on health insurance via ACA plans, totaling $6,492 annually. Premiums saw a modest increase of 0.67% year-over-year. States like West Virginia and South Dakota will experience the highest premiums, while Georgia and New Hampshire will enjoy the lowest. Platinum tier plans dropped by 4.35% in premiums, while Bronze plans increased, highlighting diverse market changes influenced by healthcare costs and COVID-19 impacts.

LendingTree's recent survey reveals a record 47% of Americans plan to host Thanksgiving, increasing from 41% in 2020. Consumers expect to spend an average of $391.60, down 18% from last year, with millennials budgeting the most at $461.20. Alarmingly, 44% of hosts will take on debt, up from 38% in 2020. Additionally, only 27% of hosts have firm budgets, indicating economic uncertainties. This survey, conducted from Oct. 26 to Oct. 29, 2021, reflects changing consumer behavior as they adapt to current economic challenges.

LendingTree's recent survey reveals that 48% of Americans believe bearded men manage money better than clean-shaven men. Among men with facial hair, that belief rises to 75%. This year, 46% of men will participate in No Shave November and Movember, with 24% of women joining as well. Men spend an average of $42 monthly on grooming products, with bearded men spending $49. Additionally, about 12% of men invest in massages and 9% in facials. The online survey conducted from Oct. 15-20, 2021 included over 2,000 responses.

According to a recent LendingTree survey conducted from Sept. 23 to Sept. 30, 2021, nearly 48% of consumers dread the upcoming holiday shopping season due to anticipated costs. 40% are specifically worried about Christmas, while 13% feel the same about Thanksgiving. A significant 41% of Americans expect to incur debt this season, up from 31% last year. Moreover, 24% are losing sleep over holiday expenses, notably 36% among parents with kids under 18. On average, individuals plan to spend $792, with parents expecting $1,105.

LendingTree, Inc. (TREE) reported Q3 2021 results, showing total revenue of $297.4 million, a 35% increase year-over-year. The Home segment achieved record revenue of $112.4 million, growing 42%, while the Consumer segment soared by 107% to $100 million. However, the Insurance segment faced challenges, with revenue declining 8% to $84.8 million. The company's net loss from continuing operations improved to $4.4 million, down from $24.8 million a year earlier. Looking ahead, Q4 revenue is projected between $255-$270 million amid seasonal slowdowns.

LendingTree surveyed over 2,000 Americans regarding their Halloween spending plans amid the pandemic. 75% of respondents intend to spend on the holiday, primarily on candy (53%), pumpkins (24%), and costumes (20%). Notably, 24% of parents plan to overspend, with 47% citing their children's happiness as motivation. Gen Z is also projected to spend significantly, with 57% planning to splurge, driven by FOMO (29%). The survey indicates that 32% of Americans will celebrate by watching scary movies and buying treats.

According to a ValuePenguin.com analysis, drivers aged 15-20 were involved in 13% of fatal crashes from 2010 to 2019, resulting in 41,187 incidents and 10% of related fatalities in the U.S. Notable states for high young driver fatality rates include Nebraska, Utah, and Kansas, while states like Maryland and Hawaii reported lower rates. However, fatalities among young drivers have decreased significantly, with states like Maine and New Hampshire seeing drops of up to 54%. The analysis highlights the importance of educating young drivers about safety and the financial repercussions of accidents.