Lemonade (NYSE:LMND) Price Target Raised to $48.00 at Keefe, Bruyette & Woods

Lemonade (NYSE:LMND) had its price objective raised by Keefe, Bruyette & Woods from $44.00 to $48.00 in a report released on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an underperform rating on the stock.

Other analysts also recently issued research reports about the stock. UBS Group set a $75.00 target price on shares of Lemonade in a report on Thursday, May 21st. Piper Sandler cut their price target on shares of Lemonade from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Citizens Jmp reduced their price objective on shares of Lemonade from $85.00 to $80.00 and set a “market outperform” rating for the company in a research report on Thursday, April 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $75.00 price objective on shares of Lemonade in a report on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Lemonade in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $65.33.

Lemonade Stock Performance

LMND opened at $70.89 on Wednesday. Lemonade has a one year low of $35.70 and a one year high of $99.90. The company has a market cap of $5.45 billion, a P/E ratio of -37.91 and a beta of 1.79. The business’s 50-day simple moving average is $58.64 and its 200-day simple moving average is $65.18.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.47) 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 firm had revenue of $258.00 million for the quarter, compared to analyst estimates of $251.51 million. During the same period last year, the business earned ($0.86) EPS. Lemonade’s revenue for the quarter was up 70.6% compared to the same quarter last year. As a group, analysts predict that Lemonade will post -1.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 3,444 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $79.00, for a total value of $272,076.00. Following the sale, the insider directly owned 77,942 shares of the company’s stock, valued at approximately $6,157,418. This trade represents a 4.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Maya Prosor sold 1,220 shares of Lemonade stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $64,867.40. Following the completion of the transaction, the insider directly owned 187,573 shares in the company, valued at $9,973,256.41. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 10,007 shares of company stock worth $620,201 in the last 90 days. Insiders own 14.70% of the company’s stock.

Institutional Investors Weigh In On Lemonade

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in Lemonade by 8,080.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock valued at $29,000 after acquiring an additional 404 shares during the last quarter. Strategic Advocates LLC bought a new stake in shares of Lemonade in the 3rd quarter worth about $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Lemonade in the 4th quarter worth about $33,000. Torren Management LLC acquired a new stake in shares of Lemonade in the 4th quarter valued at about $35,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Lemonade in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Key Headlines Impacting Lemonade

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Lemonade expanded its renters insurance product into Vermont, broadening its addressable market and reinforcing its push to scale its tech-driven insurance platform. Lemonade Expands Renters Insurance to Vermont
• Positive Sentiment: Morgan Stanley reaffirmed its equal weight rating and set a $75 price target, suggesting modest upside from recent trading levels. Morgan Stanley Reaffirms Equal Weight Rating
• Neutral Sentiment: Zacks highlighted Lemonade’s strong 88.7% share gain over the past year, citing AI-driven growth and improving underwriting, but also noting that the stock’s valuation remains rich. Lemonade Stock Surges 88.7% in a Year: How Should You Play the Stock?
• Neutral Sentiment: Keefe, Bruyette & Woods raised its price target to $48 but kept an underperform rating, signaling that the firm still sees meaningful downside after the recent rally. Keefe, Bruyette & Woods Raises Target but Keeps Underperform
• Negative Sentiment: Insider John Sheldon Peters sold 3,444 shares, a transaction that can be read as a lack of near-term conviction and may add to pressure on LMND. John Sheldon Peters Insider Sale
• Negative Sentiment: A market commentary piece said the stock is no longer a buy after its sharp run-up, with valuation now viewed as fairly priced rather than cheap. Why Lemonade Stock Wilted by Almost 9% on Wednesday

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.