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

Shares of Lemonade, Inc. (NYSE:LMND) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $64.8889.

Several equities research analysts have recently weighed in on LMND shares. Wolfe Research set a $44.00 target price on Lemonade in a research report on Tuesday, February 24th. UBS Group set a $75.00 price target on shares of Lemonade in a report on Thursday, May 21st. Citizens Jmp dropped their target price on Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a report on Tuesday, April 21st. Finally, Truist Financial dropped their price objective on Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th.

Insider Transactions at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 3,571 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $52.50, for a total transaction of $187,477.50. Following the transaction, the insider directly owned 76,729 shares in the company, valued at $4,028,272.50. This represents a 4.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 5,567 shares of company stock valued at $287,517 over the last 90 days. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Lemonade

Several large investors have recently modified their holdings of LMND. TD Waterhouse Canada Inc. grew its stake in Lemonade by 3.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,671 shares of the company’s stock worth $261,000 after purchasing an additional 121 shares in the last quarter. Watershed Private Wealth LLC lifted its stake in Lemonade by 1.7% during the fourth quarter. Watershed Private Wealth LLC now owns 8,310 shares of the company’s stock worth $592,000 after purchasing an additional 140 shares during the last quarter. AQR Capital Management LLC increased its stake in Lemonade by 0.7% during the fourth quarter. AQR Capital Management LLC now owns 21,569 shares of the company’s stock valued at $1,535,000 after purchasing an additional 159 shares during the last quarter. Titleist Asset Management LLC boosted its holdings in shares of Lemonade by 4.1% in the 3rd quarter. Titleist Asset Management LLC now owns 4,832 shares of the company’s stock valued at $259,000 after buying an additional 189 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Lemonade by 2.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,431 shares of the company’s stock valued at $600,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Lemonade Stock Performance

NYSE LMND opened at $57.93 on Monday. Lemonade has a one year low of $31.60 and a one year high of $99.90. The company’s 50 day moving average price is $60.14 and its 200 day moving average price is $68.07. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of -30.98 and a beta of 1.83.

Lemonade (NYSE:LMND) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $251.51 million. During the same quarter in the prior year, the business earned ($0.86) earnings per share. The business’s quarterly revenue was up 70.6% compared to the same quarter last year. Sell-side analysts forecast that Lemonade will post -1.69 EPS for the current fiscal year.

About Lemonade

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.