Analysts Set Lemonade, Inc. (NYSE:LMND) PT at $24.71

Lemonade, Inc. (NYSE:LMNDGet Rating) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.88.

A number of brokerages recently issued reports on LMND. Barclays reduced their price target on Lemonade from $28.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, November 10th. Oppenheimer reduced their price target on Lemonade to $30.00 in a report on Tuesday, November 15th. BMO Capital Markets began coverage on Lemonade in a report on Thursday. They set an “underperform” rating and a $10.00 price target on the stock. Keefe, Bruyette & Woods started coverage on Lemonade in a report on Thursday, November 17th. They set a “market perform” rating and a $24.00 price target on the stock. Finally, Piper Sandler cut their price objective on Lemonade from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Lemonade Trading Down 2.0 %

LMND opened at $14.82 on Thursday. The company has a market cap of $1.03 billion, a P/E ratio of -3.07 and a beta of 1.49. The business’s 50-day moving average price is $16.86 and its 200-day moving average price is $20.57. Lemonade has a 12 month low of $12.82 and a 12 month high of $34.50.

Lemonade (NYSE:LMNDGet Rating) last released its quarterly earnings data on Tuesday, November 8th. The company reported ($1.37) EPS for the quarter, missing the consensus estimate of ($1.36) by ($0.01). The company had revenue of $74.00 million during the quarter, compared to analysts’ expectations of $65.17 million. Lemonade had a negative return on equity of 33.30% and a negative net margin of 145.44%. Equities research analysts forecast that Lemonade will post -4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Lemonade

In other news, insider John Sheldon Peters sold 4,265 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $25.00, for a total value of $106,625.00. Following the sale, the insider now directly owns 8,985 shares of the company’s stock, valued at approximately $224,625. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 36.70% of the company’s stock.

Hedge Funds Weigh In On Lemonade

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in Lemonade by 56.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,960 shares of the company’s stock valued at $685,000 after buying an additional 9,369 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Lemonade during the 1st quarter valued at $25,000. BlackRock Inc. raised its stake in Lemonade by 3.4% during the 1st quarter. BlackRock Inc. now owns 1,517,589 shares of the company’s stock valued at $40,019,000 after buying an additional 50,278 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Lemonade during the 1st quarter valued at $4,485,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Lemonade by 2.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 196,482 shares of the company’s stock valued at $5,182,000 after buying an additional 5,176 shares during the last quarter. 67.70% of the stock is owned by institutional investors.

Lemonade Company Profile

(Get Rating)

Lemonade, Inc provides various insurance products in the United States and Europe. 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. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies.

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Analyst Recommendations for Lemonade (NYSE:LMND)

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