Weiss Ratings Reiterates Sell (D-) Rating for Lemonade (NYSE:LMND)

Lemonade (NYSE:LMND)‘s stock had its “sell (d-)” rating restated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also issued reports on LMND. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $26.00 price target (up from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. BMO Capital Markets raised their price target on shares of Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, August 18th. Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Piper Sandler raised their price target on shares of Lemonade from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Finally, Cantor Fitzgerald raised shares of Lemonade to a “strong-buy” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $48.83.

Lemonade Stock Up 0.8%

Shares of Lemonade stock opened at $55.51 on Wednesday. The firm has a market capitalization of $4.10 billion, a P/E ratio of -19.61 and a beta of 2.24. The company has a 50 day moving average price of $53.06 and a 200 day moving average price of $41.17. Lemonade has a 52 week low of $15.27 and a 52 week high of $62.00.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) EPS for the quarter, beating the consensus estimate of ($0.81) by $0.21. The firm had revenue of $164.10 million during the quarter, compared to analyst estimates of $160.88 million. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. Lemonade’s revenue was up 34.5% on a year-over-year basis. During the same period last year, the firm posted ($0.81) EPS. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Lemonade will post -3.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider John Sheldon Peters sold 2,718 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total transaction of $136,824.12. Following the sale, the insider owned 102,397 shares of the company’s stock, valued at $5,154,664.98. This trade represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Adina Eckstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $49.00, for a total transaction of $245,000.00. Following the sale, the chief operating officer directly owned 189,653 shares in the company, valued at $9,292,997. The trade was a 2.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock worth $396,020 in the last ninety days. Corporate insiders own 14.70% of the company’s stock.

Institutional Investors Weigh In On Lemonade

A number of institutional investors have recently added to or reduced their stakes in LMND. GAMMA Investing LLC grew its stake in Lemonade by 35,901.8% in the 1st quarter. GAMMA Investing LLC now owns 19,801 shares of the company’s stock valued at $630,000 after acquiring an additional 19,746 shares during the period. Rhumbline Advisers grew its stake in Lemonade by 2.6% in the 1st quarter. Rhumbline Advisers now owns 77,706 shares of the company’s stock valued at $2,442,000 after acquiring an additional 2,001 shares during the period. Analyst IMS Investment Management Services Ltd. acquired a new stake in Lemonade in the 1st quarter valued at $9,944,000. Asset Management One Co. Ltd. grew its stake in Lemonade by 50.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,065 shares of the company’s stock valued at $96,000 after acquiring an additional 1,029 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Lemonade in the 1st quarter valued at $246,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

About Lemonade

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.