Lemonade, Inc. (NYSE:LMND) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lemonade, Inc. (NYSE:LMND) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $58.5714.

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Lemonade from $35.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 25th. BMO Capital Markets increased their price target on shares of Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a report on Monday, August 18th. JMP Securities set a $80.00 price objective on Lemonade in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald raised Lemonade to a “strong-buy” rating in a research note on Wednesday, August 13th.

Insiders Place Their Bets

In other Lemonade news, COO Adina Eckstein sold 40,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $73.02, for a total value of $2,920,800.00. Following the completion of the transaction, the chief operating officer owned 227,987 shares in the company, valued at approximately $16,647,610.74. This represents a 14.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Sheldon Peters sold 18,930 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $72.77, for a total value of $1,377,536.10. Following the completion of the sale, the insider directly owned 83,467 shares of the company’s stock, valued at approximately $6,073,893.59. This trade represents a 18.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 74,258 shares of company stock worth $5,445,742 in the last ninety days. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Lemonade

Institutional investors have recently added to or reduced their stakes in the stock. Titleist Asset Management LLC increased its stake in shares of Lemonade by 4.1% during the 3rd quarter. Titleist Asset Management LLC now owns 4,832 shares of the company’s stock worth $259,000 after purchasing an additional 189 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in Lemonade by 4.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,683 shares of the company’s stock valued at $249,000 after buying an additional 220 shares during the last quarter. CWM LLC increased its position in Lemonade by 9.9% during the third quarter. CWM LLC now owns 2,518 shares of the company’s stock worth $135,000 after buying an additional 227 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Lemonade by 30.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock worth $45,000 after buying an additional 243 shares in the last quarter. Finally, Watershed Private Wealth LLC raised its holdings in shares of Lemonade by 4.9% in the third quarter. Watershed Private Wealth LLC now owns 8,170 shares of the company’s stock worth $437,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Lemonade Trading Up 2.8%

NYSE:LMND opened at $78.97 on Monday. Lemonade has a 12-month low of $24.31 and a 12-month high of $83.77. The stock’s 50 day simple moving average is $63.18 and its 200-day simple moving average is $51.76. The firm has a market cap of $5.90 billion, a P/E ratio of -33.04 and a beta of 2.12.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.21. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The firm had revenue of $194.50 million during the quarter, compared to the consensus estimate of $185.06 million. During the same period last year, the company earned ($0.95) earnings per share. The company’s revenue for the quarter was up 42.4% on a year-over-year basis. Research analysts forecast that Lemonade will post -3.03 EPS for the current fiscal year.

About Lemonade

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. 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.