Citizens Jmp Forecasts Strong Price Appreciation for Lemonade (NYSE:LMND) Stock

Lemonade (NYSE:LMND) had its target price raised by analysts at Citizens Jmp from $60.00 to $80.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s target price points to a potential upside of 7.96% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a report on Wednesday, October 8th. Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley boosted their price target on Lemonade from $49.00 to $53.00 and gave the company an “underweight” rating in a report on Monday, November 17th. JMP Securities set a $80.00 price objective on Lemonade in a research note on Monday. Finally, Cantor Fitzgerald raised Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lemonade has a consensus rating of “Hold” and an average price target of $58.57.

Lemonade Stock Up 1.5%

LMND opened at $74.10 on Monday. The business has a fifty day moving average of $59.96 and a 200 day moving average of $49.24. The stock has a market cap of $5.54 billion, a P/E ratio of -31.01 and a beta of 2.27. Lemonade has a 52-week low of $24.31 and a 52-week high of $83.77.

Lemonade (NYSE:LMND) last released its earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate 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 return on equity of 31.86% and a negative net margin of 26.39%.The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period last year, the company earned ($0.95) earnings per share. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that Lemonade will post -3.03 EPS for the current fiscal year.

Insider Activity at Lemonade

In related news, insider John Sheldon Peters sold 18,930 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $72.77, for a total value of $1,377,536.10. Following the completion of the transaction, the insider owned 83,467 shares of the company’s stock, valued at $6,073,893.59. The trade was a 18.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Adina Eckstein sold 40,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $73.02, for a total value of $2,920,800.00. Following the sale, the chief operating officer directly owned 227,987 shares in the company, valued at $16,647,610.74. This trade represents a 14.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 71,716 shares of company stock worth $5,194,624. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lemonade

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Lemonade by 30.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,506,171 shares of the company’s stock valued at $187,685,000 after buying an additional 825,522 shares in the last quarter. Vanguard Group Inc. lifted its position in Lemonade by 14.9% during the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company’s stock valued at $192,931,000 after acquiring an additional 794,952 shares during the last quarter. BIT Capital GmbH lifted its position in Lemonade by 69.3% during the third quarter. BIT Capital GmbH now owns 1,254,345 shares of the company’s stock valued at $67,145,000 after acquiring an additional 513,424 shares during the last quarter. Jump Financial LLC boosted its stake in Lemonade by 365.8% in the second quarter. Jump Financial LLC now owns 581,378 shares of the company’s stock valued at $25,470,000 after acquiring an additional 456,571 shares in the last quarter. Finally, Halter Ferguson Financial Inc. grew its holdings in Lemonade by 101.3% in the third quarter. Halter Ferguson Financial Inc. now owns 575,906 shares of the company’s stock worth $30,828,000 after purchasing an additional 289,803 shares during the last quarter. 80.30% of the stock is currently owned by 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.