Lemonade, Inc. (NYSE:LMND) Given Average Recommendation of “Hold” by Analysts

Shares of Lemonade, Inc. (NYSE:LMND) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $68.75.

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a report on Thursday, January 22nd. Citigroup restated an “outperform” rating on shares of Lemonade in a report on Friday, January 16th. Citizens Jmp set a $80.00 price target on Lemonade in a research report on Monday, November 24th. Truist Financial started coverage on Lemonade in a research note on Tuesday, January 6th. They issued a “buy” rating and a $98.00 price target on the stock. Finally, Piper Sandler set a $65.00 price objective on Lemonade in a research report on Thursday, February 19th.

Lemonade Price Performance

Shares of LMND opened at $66.90 on Wednesday. Lemonade has a 1 year low of $24.31 and a 1 year high of $99.90. The stock has a 50 day simple moving average of $69.77 and a two-hundred day simple moving average of $66.43. The firm has a market cap of $5.11 billion, a P/E ratio of -29.60 and a beta of 2.12.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.12. Lemonade had a negative net margin of 22.43% and a negative return on equity of 31.19%. Lemonade’s revenue was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.42) EPS. On average, equities analysts anticipate that Lemonade will post -3.03 earnings per share for the current year.

Insider Buying and Selling at Lemonade

In other Lemonade news, CEO Daniel A. Schreiber sold 126,625 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $94.74, for a total value of $11,996,452.50. Following the sale, the chief executive officer owned 1,523,534 shares of the company’s stock, valued at $144,339,611.16. This trade represents a 7.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Sheldon Peters sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the sale, the insider directly owned 60,771 shares in the company, valued at approximately $4,861,680. This trade represents a 14.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 160,300 shares of company stock worth $14,796,026. 12.50% of the stock is owned by insiders.

Institutional Trading of Lemonade

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC grew its stake in shares of Lemonade by 7.7% in the fourth quarter. Corient Private Wealth LLC now owns 6,334 shares of the company’s stock worth $451,000 after purchasing an additional 453 shares during the last quarter. Virtu Financial LLC increased its holdings in Lemonade by 72.2% during the 4th quarter. Virtu Financial LLC now owns 45,145 shares of the company’s stock valued at $3,213,000 after purchasing an additional 18,929 shares during the period. Invesco Ltd. raised its position in Lemonade by 112.6% during the 4th quarter. Invesco Ltd. now owns 144,021 shares of the company’s stock valued at $10,251,000 after purchasing an additional 76,265 shares during the last quarter. Rare Wolf Capital LLC purchased a new stake in Lemonade in the 4th quarter worth approximately $983,000. Finally, Strive Financial Group LLC purchased a new stake in Lemonade in the 4th quarter worth approximately $38,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

About Lemonade

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.