Lemonade, Inc. (LMND) – What Are Researchers Thinking About This Stock?

Shares of Lemonade, Inc. (NYSE:LMND) have earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $63.50.

LMND has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research note on Friday, July 17th. Keefe, Bruyette & Woods upgraded shares of Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 target price for the company in a research note on Thursday, July 30th. Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Finally, Morgan Stanley decreased their price target on shares of Lemonade from $56.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Tuesday.

Insider Activity at Lemonade

In other Lemonade news, insider Maya Prosor sold 1,040 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $54.63, for a total transaction of $56,815.20. Following the completion of the sale, the insider directly owned 186,533 shares in the company, valued at $10,190,297.79. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Peters sold 2,249 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $54.45, for a total value of $122,458.05. Following the sale, the insider owned 73,834 shares of the company’s stock, valued at approximately $4,020,261.30. This represents a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 15,148 shares of company stock valued at $804,250 over the last 90 days. Company insiders own 12.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in Lemonade during the second quarter worth about $30,000. State of Wyoming acquired a new position in shares of Lemonade during the 1st quarter worth approximately $42,000. Integrated Wealth Concepts LLC acquired a new position in shares of Lemonade during the 2nd quarter worth approximately $128,000. Nykredit A S bought a new position in shares of Lemonade during the second quarter worth approximately $156,000. Finally, Triumph Capital Management increased its holdings in shares of Lemonade by 19.9% during the second quarter. Triumph Capital Management now owns 2,436 shares of the company’s stock worth $158,000 after purchasing an additional 405 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

Lemonade Price Performance

Lemonade stock opened at $46.45 on Friday. The company’s 50-day moving average is $50.04 and its 200-day moving average is $56.97. The firm has a market capitalization of $3.60 billion, a PE ratio of -25.38 and a beta of 1.87. Lemonade has a fifty-two week low of $43.28 and a fifty-two week high of $99.90.

Lemonade (NYSE:LMND) last issued its earnings results on Tuesday, July 28th. The company reported ($0.56) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.56). The business had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. Lemonade had a negative net margin of 14.19% and a negative return on equity of 26.78%. Lemonade’s revenue was up 79.4% on a year-over-year basis. During the same period last year, the business posted ($0.60) EPS. As a group, analysts expect that Lemonade will post -1.84 EPS for the current year.

Lemonade Company Profile

Lemonade, Inc is a technology-driven insurance company that offers insurance products through mobile applications and online platforms. Its business uses artificial intelligence, automation and behavioral economics to simplify policy purchases, claims processing and customer service.

The company provides renters, homeowners, car, pet and term life insurance, with product availability varying by location. Lemonade’s digital platform is designed to allow customers to obtain quotes, manage policies and submit claims without relying primarily on traditional insurance agents.

Founded in 2015 by Daniel Schreiber and Shai Wininger, Lemonade initially focused on renters insurance before expanding into additional insurance categories.