Lemonade, Inc. (NYSE:LMND) Given Consensus Rating of “Hold” by Brokerages

Shares of Lemonade, Inc. (NYSE:LMND) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $63.1429.

LMND has been the topic of a number of analyst reports. Citizens Jmp increased their target price on Lemonade from $60.00 to $80.00 and gave the company a “market outperform” rating in a report on Monday, November 24th. Morgan Stanley set a $85.00 target price on Lemonade and gave the stock an “equal weight” rating in a research report on Tuesday, December 16th. JMP Securities set a $80.00 target price on Lemonade in a research note on Monday, November 24th. Keefe, Bruyette & Woods increased their price objective on shares of Lemonade from $35.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, November 25th. Finally, Piper Sandler dropped their price target on Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th.

Lemonade Price Performance

Shares of NYSE:LMND opened at $71.19 on Friday. The company’s fifty day moving average price is $72.96 and its 200 day moving average price is $57.02. Lemonade has a 12 month low of $24.31 and a 12 month high of $85.20. The firm has a market capitalization of $5.32 billion, a P/E ratio of -29.79 and a beta of 1.98.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.21. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The firm had revenue of $194.50 million for the quarter, compared to analyst estimates of $185.06 million. During the same period last year, the firm posted ($0.95) EPS. Lemonade’s quarterly revenue was up 42.4% on a year-over-year basis. On average, sell-side analysts anticipate that Lemonade will post -3.03 EPS for the current year.

Insider Activity

In related news, insider John Sheldon Peters sold 3,554 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $81.00, for a total transaction of $287,874.00. Following the completion of the transaction, the insider owned 70,771 shares of the company’s stock, valued at $5,732,451. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Adina Eckstein sold 7,919 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $81.15, for a total value of $642,626.85. Following the sale, the chief operating officer owned 188,391 shares of the company’s stock, valued at $15,287,929.65. This trade represents a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 160,725 shares of company stock valued at $12,264,465. Insiders own 14.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd acquired a new position in shares of Lemonade during the 3rd quarter worth about $25,000. Strategic Advocates LLC acquired a new stake in shares of Lemonade during the 3rd quarter worth about $33,000. Estabrook Capital Management bought a new stake in Lemonade during the 2nd quarter worth approximately $44,000. Tsfg LLC bought a new position in shares of Lemonade in the third quarter valued at about $54,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Lemonade by 30.7% in 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 last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Company Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.