Lemonade, Inc. (NYSE:LMND) Given Consensus Rating of “Hold” by Analysts

Lemonade, Inc. (NYSE:LMND) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $68.75.

LMND has been the subject of several research reports. Citizens Jmp set a $80.00 price target on shares of Lemonade in a research note on Monday, November 24th. Cantor Fitzgerald raised their target price on shares of Lemonade from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Citigroup reissued an “outperform” rating on shares of Lemonade in a research report on Friday, January 16th. Truist Financial started coverage on shares of Lemonade in a research note on Tuesday, January 6th. They set a “buy” rating and a $98.00 price objective for the company. Finally, Wolfe Research set a $44.00 target price on Lemonade in a research report on Tuesday.

Insider Buying and Selling

In related news, insider John Sheldon Peters sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the transaction, the insider directly owned 60,771 shares in the company, valued at approximately $4,861,680. The trade was a 14.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel A. Schreiber sold 126,625 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $94.74, for a total transaction of $11,996,452.50. Following the sale, the chief executive officer directly owned 1,523,534 shares in the company, valued at $144,339,611.16. This trade represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 246,742 shares of company stock worth $21,729,370 over the last 90 days. Company insiders own 14.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC raised its holdings in shares of Lemonade by 72.2% in the 4th quarter. Virtu Financial LLC now owns 45,145 shares of the company’s stock valued at $3,213,000 after purchasing an additional 18,929 shares during the period. Invesco Ltd. increased its position in Lemonade by 112.6% during the fourth quarter. Invesco Ltd. now owns 144,021 shares of the company’s stock worth $10,251,000 after buying an additional 76,265 shares during the last quarter. Rare Wolf Capital LLC bought a new stake in Lemonade in the fourth quarter valued at approximately $983,000. Corient Private Wealth LLC lifted its position in shares of Lemonade by 14.6% in the fourth quarter. Corient Private Wealth LLC now owns 6,740 shares of the company’s stock valued at $480,000 after buying an additional 859 shares during the last quarter. Finally, Strive Financial Group LLC bought a new position in shares of Lemonade during the 4th quarter worth approximately $38,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Lemonade Trading Down 1.0%

Shares of NYSE LMND opened at $51.71 on Friday. The company has a fifty day moving average price of $75.86 and a 200 day moving average price of $66.39. Lemonade has a 1-year low of $24.31 and a 1-year high of $99.90. The firm has a market cap of $3.86 billion, a PE ratio of -22.88 and a beta of 2.03.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.25% and a negative net margin of 22.43%.During the same quarter in the previous year, the company earned ($0.42) earnings per share. The firm’s revenue was up 53.3% compared to the same quarter last year. Equities research analysts forecast that Lemonade will post -3.03 EPS for the current year.

About Lemonade

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.