Lemonade’s (LMND) “Hold” Rating Reaffirmed at Piper Sandler

Lemonade (NYSE:LMND)‘s stock had its “hold” rating reiterated by research analysts at Piper Sandler in a research report issued on Thursday, MarketBeat.com reports. They currently have a $55.00 price target on the stock. Piper Sandler’s price target would indicate a potential downside of 7.03% from the stock’s current price.

A number of other brokerages also recently commented on LMND. BMO Capital Markets increased their price objective on shares of Lemonade from $15.00 to $23.00 and gave the company an “underperform” rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Cantor Fitzgerald raised Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Morgan Stanley reiterated an “underweight” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Lemonade in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $26.00 price target (up from $22.00) on shares of Lemonade in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $40.43.

Lemonade Price Performance

Shares of LMND stock traded down $0.5840 during trading on Thursday, reaching $59.1560. The company’s stock had a trading volume of 857,543 shares, compared to its average volume of 2,343,321. The stock’s 50-day moving average price is $43.47 and its 200 day moving average price is $36.30. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of -20.89 and a beta of 2.19. Lemonade has a 1-year low of $15.27 and a 1-year high of $60.41.

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

Insider Activity

In related news, insider John Sheldon Peters sold 6,543 shares of the firm’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $45.00, for a total value of $294,435.00. Following the completion of the sale, the insider owned 106,115 shares in the company, valued at $4,775,175. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Adina Eckstein sold 5,000 shares of Lemonade stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. Following the completion of the sale, the chief operating officer directly owned 189,653 shares in the company, valued at $9,292,997. This represents a 2.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,289 shares of company stock valued at $825,982 over the last three months. 12.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lemonade

Several institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. increased its holdings in shares of Lemonade by 4.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,683 shares of the company’s stock valued at $249,000 after purchasing an additional 220 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Lemonade by 3.6% during the first quarter. Nisa Investment Advisors LLC now owns 11,020 shares of the company’s stock worth $346,000 after purchasing an additional 380 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Lemonade by 8.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,463 shares of the company’s stock valued at $200,000 after purchasing an additional 423 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Lemonade by 5.9% in the second quarter. Teacher Retirement System of Texas now owns 8,285 shares of the company’s stock valued at $363,000 after buying an additional 458 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Lemonade by 28.3% during the 1st quarter. US Bancorp DE now owns 2,406 shares of the company’s stock worth $76,000 after buying an additional 531 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

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.