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

Lemonade, Inc. (NYSE:LMND) has been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $64.8889.

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Lemonade in a research report on Tuesday, May 26th. UBS Group set a $75.00 price objective on shares of Lemonade in a research report on Thursday, May 21st. Piper Sandler decreased their price target on shares of Lemonade from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. TD Cowen reaffirmed a “hold” rating on shares of Lemonade in a research report on Monday, June 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research note on Tuesday, April 21st.

Insider Transactions at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 3,608 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $52.94, for a total value of $191,007.52. Following the completion of the sale, the insider owned 81,386 shares of the company’s stock, valued at $4,308,574.84. The trade was a 4.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 1,220 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $64,867.40. Following the completion of the sale, the insider directly owned 187,573 shares of the company’s stock, valued at $9,973,256.41. This 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. Insiders sold a total of 6,563 shares of company stock valued at $348,125 in the last three months. Insiders own 14.70% of the company’s stock.

Institutional Trading of Lemonade

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Lemonade by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,305,453 shares of the company’s stock valued at $448,822,000 after purchasing an additional 26,312 shares in the last quarter. Clear Street Group Inc. acquired a new stake in shares of Lemonade in the 4th quarter valued at approximately $2,448,000. Pursue Wealth Partners LLC acquired a new stake in shares of Lemonade in the 4th quarter valued at approximately $2,814,000. Halter Ferguson Financial Inc. boosted its stake in shares of Lemonade by 4.3% in the 4th quarter. Halter Ferguson Financial Inc. now owns 600,863 shares of the company’s stock valued at $42,769,000 after purchasing an additional 24,957 shares in the last quarter. Finally, Atika Capital Management LLC acquired a new stake in shares of Lemonade in the 3rd quarter valued at approximately $3,694,000. Institutional investors own 80.30% of the company’s stock.

Lemonade Price Performance

Shares of LMND opened at $55.96 on Friday. The firm has a market capitalization of $4.30 billion, a PE ratio of -29.93 and a beta of 1.83. The company’s 50-day moving average is $58.22 and its 200-day moving average is $65.80. Lemonade has a fifty-two week low of $35.70 and a fifty-two week high of $99.90.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.11. The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $251.51 million. Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. The company’s revenue was up 70.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.86) earnings per share. Analysts predict that Lemonade will post -1.71 earnings per share for the current fiscal 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.