Lemonade (NYSE:LMND) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Lemonade (NYSE:LMND) had its price objective boosted by analysts at BMO Capital Markets from $23.00 to $42.00 in a research report issued on Monday, Marketbeat reports. The brokerage currently has an “underperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential downside of 28.94% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Piper Sandler reissued a “neutral” rating and issued a $55.00 price objective on shares of Lemonade in a research note on Thursday. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $26.00 target price (up from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. Wall Street Zen raised Lemonade from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Cantor Fitzgerald raised Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $26.00 target price (up from $24.00) on shares of Lemonade in a research report on Monday, July 14th. One equities 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 given a Sell rating to the stock. According to data from MarketBeat, Lemonade presently has a consensus rating of “Reduce” and a consensus target price of $40.43.

Lemonade Stock Performance

Shares of NYSE:LMND traded down $0.6350 during midday trading on Monday, reaching $59.1050. The company’s stock had a trading volume of 857,543 shares, compared to its average volume of 2,343,321. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -20.89 and a beta of 2.19. The firm has a 50 day moving average price of $43.47 and a two-hundred day moving average price of $36.30. Lemonade has a fifty-two week low of $15.27 and a fifty-two week 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 analysts’ consensus estimates of ($0.81) by $0.21. The company had revenue of $164.10 million for the quarter, compared to the consensus estimate of $160.88 million. Lemonade had a negative return on equity of 36.12% and a negative net margin of 33.96%.The firm’s revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($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 year.

Insider Buying and Selling

In other Lemonade news, insider John Sheldon Peters sold 6,543 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $45.00, for a total transaction of $294,435.00. Following the completion of the sale, the insider directly owned 106,115 shares of the company’s stock, valued at approximately $4,775,175. The trade was a 5.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Adina Eckstein sold 5,000 shares of the business’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 value of $245,000.00. Following the sale, the chief operating officer directly owned 189,653 shares of the company’s stock, valued at $9,292,997. This represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,289 shares of company stock valued at $825,982 over the last three months. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Lemonade

Hedge funds and other institutional investors have recently modified their holdings of the business. SVB Wealth LLC purchased a new position in shares of Lemonade in the 1st quarter worth approximately $26,000. Quarry LP boosted its stake in shares of Lemonade by 300.4% in the 4th quarter. Quarry LP now owns 933 shares of the company’s stock worth $34,000 after buying an additional 700 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Lemonade in the 1st quarter worth approximately $35,000. Hollencrest Capital Management purchased a new position in shares of Lemonade in the 1st quarter worth approximately $41,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Lemonade by 318.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company’s stock worth $42,000 after buying an additional 867 shares during the last quarter. Hedge funds and other institutional investors 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.