Lemonade, Inc. (NYSE:LMND) Receives $66.78 Consensus PT from Brokerages

Lemonade, Inc. (NYSE:LMND) has been assigned an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $66.7778.

Several equities analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of Lemonade from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research report on Friday, July 17th. Citizens Jmp reduced their target price on shares of Lemonade from $85.00 to $80.00 and set a “market outperform” rating for the company in a report on Thursday, April 30th. Keefe, Bruyette & Woods lifted their price target on shares of Lemonade from $44.00 to $48.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $75.00 price objective on shares of Lemonade in a research report on Wednesday, July 8th.

Lemonade Price Performance

NYSE LMND opened at $61.88 on Tuesday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -33.09 and a beta of 1.79. Lemonade has a 1-year low of $35.70 and a 1-year high of $99.90. The business’s fifty day moving average price is $61.45 and its 200-day moving average price is $64.23.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.11. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The company had revenue of $258.00 million during the quarter, compared to analyst estimates of $251.51 million. During the same quarter in the previous year, the company posted ($0.86) earnings per share. Lemonade’s revenue was up 70.6% compared to the same quarter last year. Equities research analysts anticipate that Lemonade will post -1.7 EPS for the current year.

Insider Buying and Selling at Lemonade

In other news, insider John Sheldon Peters sold 3,608 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $52.94, for a total value of $191,007.52. Following the transaction, the insider owned 81,386 shares of the company’s stock, valued at $4,308,574.84. This trade represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Maya Prosor sold 1,220 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $64,867.40. Following the completion of the transaction, the insider directly owned 187,573 shares in the company, valued at $9,973,256.41. This trade represents a 0.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,007 shares of company stock worth $620,201 over the last quarter. 12.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lemonade

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LMND. Caitong International Asset Management Co. Ltd lifted its holdings in Lemonade by 8,080.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock valued at $29,000 after purchasing an additional 404 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Lemonade in the fourth quarter worth $33,000. Torren Management LLC purchased a new stake in shares of Lemonade in the fourth quarter worth $35,000. NewEdge Advisors LLC bought a new stake in shares of Lemonade during the 1st quarter valued at $35,000. Finally, Strive Financial Group LLC bought a new stake in shares of Lemonade during the 4th quarter valued at $38,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

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.