Lemonade (NYSE:LMND) Stock Price Up 9% Following Analyst Upgrade

Shares of Lemonade, Inc. (NYSE:LMND) traded up 9% during trading on Monday after Citizens Jmp raised their price target on the stock from $60.00 to $80.00. Citizens Jmp currently has a market outperform rating on the stock. Lemonade traded as high as $73.21 and last traded at $73.4010. 370,655 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 2,437,055 shares. The stock had previously closed at $67.35.

A number of other research firms have also commented on LMND. JMP Securities set a $80.00 price objective on shares of Lemonade in a research note on Monday. Cantor Fitzgerald raised shares of Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley boosted their price objective on Lemonade from $49.00 to $53.00 and gave the company an “underweight” rating in a research note on Monday, November 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.57.

Insider Buying and Selling at Lemonade

In related news, COO Adina Eckstein sold 5,988 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $78.00, for a total transaction of $467,064.00. Following the transaction, the chief operating officer directly owned 227,987 shares in the company, valued at approximately $17,782,986. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Sheldon Peters sold 3,798 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $73.25, for a total transaction of $278,203.50. Following the completion of the sale, the insider directly owned 79,669 shares of the company’s stock, valued at $5,835,754.25. The trade was a 4.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,716 shares of company stock valued at $5,194,624 in the last quarter. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lemonade

Hedge funds and other institutional investors have recently modified their holdings of the business. Bayforest Capital Ltd purchased a new stake in shares of Lemonade during the third quarter valued at approximately $25,000. SVB Wealth LLC bought a new position in Lemonade in the 1st quarter valued at $26,000. NewEdge Advisors LLC purchased a new stake in shares of Lemonade during the 1st quarter valued at $35,000. Estabrook Capital Management purchased a new stake in shares of Lemonade during the 2nd quarter valued at $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Lemonade by 30.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock worth $45,000 after purchasing an additional 243 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Lemonade Stock Performance

The stock has a 50 day moving average price of $59.62 and a 200 day moving average price of $48.94. The company has a market capitalization of $5.47 billion, a P/E ratio of -30.62 and a beta of 2.26.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.21. The business had revenue of $194.50 million during the quarter, compared to the consensus estimate of $185.06 million. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The firm’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.95) earnings per share. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current year.

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.