Lemonade, Inc. (NYSE:LMND – Get Free Report) was the target of unusually large options trading activity on Monday. Stock investors bought 11,141 call options on the stock. This is an increase of approximately 97% compared to the average volume of 5,666 call options.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on LMND. Morgan Stanley lifted their target price on Lemonade from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, November 2nd. Piper Sandler decreased their price objective on shares of Lemonade from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 4th. BMO Capital Markets boosted their target price on shares of Lemonade from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Thursday, September 28th. Finally, Jefferies Financial Group reduced their price target on shares of Lemonade from $14.00 to $10.00 in a research report on Friday, October 6th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $12.67.
Institutional Investors Weigh In On Lemonade
Lemonade Price Performance
Shares of LMND opened at $16.92 on Tuesday. Lemonade has a 12 month low of $10.27 and a 12 month high of $24.81. The stock has a fifty day moving average price of $12.96 and a 200 day moving average price of $15.73. The company has a market cap of $1.18 billion, a P/E ratio of -4.54 and a beta of 1.59.
Lemonade (NYSE:LMND – Get Free Report) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.88) EPS for the quarter, topping the consensus estimate of ($0.93) by $0.05. Lemonade had a negative net margin of 64.12% and a negative return on equity of 32.41%. The business had revenue of $114.50 million during the quarter, compared to analyst estimates of $104.52 million. During the same quarter in the prior year, the firm earned ($1.37) earnings per share. The company’s quarterly revenue was up 54.7% on a year-over-year basis. As a group, research analysts anticipate that Lemonade will post -3.56 earnings per share for the current year.
Lemonade Company Profile
Lemonade, Inc provides various insurance products in the United States and Europe. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property. The company also offers renters, homeowners, car, pet, and life insurance products, as well as landlord insurance policies.
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