Piper Sandler Issues Positive Forecast for Lemonade (NYSE:LMND) Stock Price

Lemonade (NYSE:LMND) had its price target upped by Piper Sandler from $55.00 to $60.00 in a research report released on Wednesday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Wall Street Zen raised Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. BMO Capital Markets raised their price target on Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a report on Monday, August 18th. Cantor Fitzgerald raised Lemonade to a “strong-buy” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $26.00 price objective (up from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Lemonade in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $41.14.

Lemonade Stock Down 2.6%

NYSE:LMND opened at $55.83 on Wednesday. The business’s 50-day moving average price is $48.41 and its two-hundred day moving average price is $39.08. Lemonade has a twelve month low of $15.27 and a twelve month high of $60.41. The stock has a market cap of $4.13 billion, a P/E ratio of -19.73 and a beta of 2.28.

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

Insider Transactions at Lemonade

In other Lemonade news, COO Adina Eckstein sold 5,000 shares of Lemonade 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 $225,000.00. Following the sale, the chief operating officer directly owned 189,653 shares of the company’s stock, valued at approximately $8,534,385. The trade was a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Sheldon Peters sold 6,543 shares of Lemonade stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $45.00, for a total value of $294,435.00. Following the sale, the insider directly owned 106,115 shares in the company, valued at approximately $4,775,175. The trade was a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,543 shares of company stock worth $915,455. 14.70% of the stock is owned by company insiders.

Institutional Trading of Lemonade

Several large investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in Lemonade by 30.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock valued at $45,000 after acquiring an additional 243 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Lemonade during the 2nd quarter valued at approximately $76,000. FORA Capital LLC bought a new stake in Lemonade during the 2nd quarter valued at approximately $816,000. Headlands Technologies LLC bought a new stake in Lemonade during the 2nd quarter valued at approximately $155,000. Finally, Tower Research Capital LLC TRC boosted its position in Lemonade by 1,259.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,607 shares of the company’s stock valued at $1,034,000 after acquiring an additional 21,871 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Lemonade Company Profile

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.