Lemonade (NYSE:LMND) Given New $47.00 Price Target at Piper Sandler

Lemonade (NYSE:LMND) had its target price cut by Piper Sandler from $51.00 to $47.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also commented on LMND. Morgan Stanley cut their price target on Lemonade from $56.00 to $48.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Keefe, Bruyette & Woods raised shares of Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 price target for the company in a report on Thursday, July 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.12.

Lemonade Stock Performance

Shares of NYSE:LMND traded down $1.89 during midday trading on Friday, hitting $39.59. The company’s stock had a trading volume of 1,683,682 shares, compared to its average volume of 1,111,121. The stock’s 50 day simple moving average is $46.66 and its 200 day simple moving average is $57.69. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -21.06 and a beta of 1.98. Lemonade has a fifty-two week low of $39.11 and a fifty-two week high of $99.90.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.02. The business had revenue of $336.10 million during the quarter, compared to analysts’ expectations of $322.74 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%. The firm’s revenue was up 72.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.51) EPS. As a group, analysts anticipate that Lemonade will post -1.83 EPS for the current year.

Insider Buying and Selling at Lemonade

In other news, insider John Peters sold 2,249 shares of Lemonade stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $54.45, for a total transaction of $122,458.05. Following the sale, the insider directly owned 73,834 shares in the company, valued at approximately $4,020,261.30. The trade was a 2.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 1,040 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $54.63, for a total transaction of $56,815.20. Following the completion of the sale, the insider directly owned 186,533 shares in the company, valued at approximately $10,190,297.79. The trade was a 0.55% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,148 shares of company stock worth $804,250 in the last three months. Insiders own 12.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LMND. Allworth Financial LP boosted its holdings in Lemonade by 115.2% during the third quarter. Allworth Financial LP now owns 622 shares of the company’s stock valued at $28,000 after purchasing an additional 333 shares in the last quarter. Triumph Capital Management raised its holdings in shares of Lemonade by 19.9% in the 2nd quarter. Triumph Capital Management now owns 2,436 shares of the company’s stock worth $158,000 after buying an additional 405 shares in the last quarter. Rare Wolf Capital LLC lifted its position in shares of Lemonade by 2.9% during the 3rd quarter. Rare Wolf Capital LLC now owns 14,441 shares of the company’s stock worth $652,000 after buying an additional 408 shares during the period. Fermata Advisors LLC lifted its position in shares of Lemonade by 6.4% during the 3rd quarter. Fermata Advisors LLC now owns 7,200 shares of the company’s stock worth $325,000 after buying an additional 432 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Lemonade in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade News Summary

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Q3 revenue rose 72.8% year over year to $336.1 million, above the $322.7 million consensus estimate. The $0.56-per-share loss was slightly narrower than analysts expected, and Q4 revenue guidance of $342 million to $346 million edged above estimates. Lemonade Q3 results
• Neutral Sentiment: Truist cut its price target to $60 from $70 but kept a Buy rating; Citizens JMP lowered its target to $75 from $80 and maintained Market Outperform. Piper Sandler reduced its target to $47 from $51 and retained a Neutral rating. The target cuts temper the analyst outlook, while the ratings remain mixed but generally supportive. Truist rating
• Negative Sentiment: The loss widened from $0.51 per share a year earlier, and coverage flagged rising expenses as a potential headwind to Lemonade’s AI-driven growth. The post-earnings decline suggests investors focused on profitability concerns despite the revenue and EPS beats. Q3 expense headwinds analysis

About Lemonade

Lemonade, Inc is a technology-driven insurance company that offers insurance products through digital platforms, including its mobile application and website. The company uses artificial intelligence, automation and data analytics to support policy purchasing, customer service and claims processing.

Lemonade’s product offerings include renters, homeowners, car, pet and term life insurance. Coverage and product availability vary by jurisdiction, and some policies are provided through regulated insurance subsidiaries or underwritten in partnership with other insurers.

Founded in 2015 by Daniel Schreiber and Shai Wininger, Lemonade serves customers in the United States and selected European markets, including Germany, the Netherlands, France and the United Kingdom.