Lemonade, Inc. (NYSE:LMND) Receives $66.78 Consensus Target Price from Analysts

Shares of Lemonade, Inc. (NYSE:LMND) have been given an average rating of “Hold” by the ten research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $66.7778.

Several brokerages recently issued reports on LMND. Citizens Jmp cut their price objective on Lemonade from $85.00 to $80.00 and set a “market outperform” rating for the company in a research report on Thursday, April 30th. Truist Financial dropped their price target on Lemonade from $98.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Piper Sandler boosted their price target on Lemonade from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Morgan Stanley restated an “equal weight” rating and issued a $75.00 price objective on shares of Lemonade in a research report on Wednesday, July 8th. Finally, UBS Group set a $75.00 price objective on Lemonade in a research note on Thursday, May 21st.

Insider Transactions at Lemonade

In other news, insider John Sheldon Peters sold 3,444 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $79.00, for a total value of $272,076.00. Following the completion of the transaction, the insider owned 77,942 shares of the company’s stock, valued at $6,157,418. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Maya Prosor sold 1,220 shares of the firm’s 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 sale, the insider owned 187,573 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 10,007 shares of company stock valued at $620,201. Insiders own 12.20% of the company’s stock.

Institutional Trading of Lemonade

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Lemonade by 8,080.0% during the 4th 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 during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Lemonade during the fourth quarter worth approximately $33,000. Torren Management LLC purchased a new position in Lemonade during the fourth quarter worth approximately $35,000. NewEdge Advisors LLC acquired a new position in shares of Lemonade in the 1st quarter valued at $35,000. Finally, Strive Financial Group LLC acquired a new position in shares of Lemonade in the 4th quarter valued at $38,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Lemonade Trading Down 1.1%

Shares of NYSE LMND opened at $60.05 on Tuesday. The company’s 50-day moving average price is $61.30 and its 200 day moving average price is $64.45. Lemonade has a 52 week low of $35.70 and a 52 week high of $99.90. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -32.11 and a beta of 1.79.

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