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

Lemonade, Inc. (NYSE:LMND) has been assigned an average rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $64.8889.

A number of research firms have commented on LMND. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research report on Tuesday, April 21st. Piper Sandler lowered their price objective on shares of Lemonade from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Truist Financial lowered their price objective on shares of Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Lemonade in a research note on Tuesday, May 26th.

Insider Activity at Lemonade

In other news, insider John Sheldon Peters sold 3,608 shares of Lemonade stock in a transaction that occurred on Thursday, June 4th. The shares were 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. The trade was a 4.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 Lemonade stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $64,867.40. Following the completion of the transaction, the insider directly owned 187,573 shares in the company, valued at approximately $9,973,256.41. This trade represents a 0.65% decrease in their ownership of the stock. 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 sold a total of 6,563 shares of company stock worth $348,125 in the last ninety days. Corporate insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Lemonade by 8,080.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after acquiring an additional 404 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of Lemonade in the third quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Lemonade in the fourth quarter worth approximately $33,000. Torren Management LLC purchased a new position in shares of Lemonade in the fourth quarter worth approximately $35,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Lemonade in the first quarter worth approximately $35,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Lemonade Trading Down 0.0%

LMND stock opened at $51.46 on Monday. Lemonade has a 52 week low of $35.70 and a 52 week high of $99.90. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -27.52 and a beta of 1.83. The firm’s 50-day moving average is $59.03 and its two-hundred day moving average is $67.43.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.11. Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $251.51 million. During the same period in the previous year, the firm earned ($0.86) EPS. Lemonade’s revenue was up 70.6% on a year-over-year basis. On average, equities research analysts predict that Lemonade will post -1.69 earnings per share for the current year.

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.