Lemonade, Inc. (NYSE:LMND) Given Average Recommendation of “Reduce” by Analysts

Lemonade, Inc. (NYSE:LMND) has been given a consensus rating of “Reduce” by the seven analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $41.1429.

A number of equities research analysts have issued reports on LMND shares. Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley reissued an “underweight” rating on shares of Lemonade in a report on Monday, August 18th. Piper Sandler raised their price target on shares of Lemonade from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Cantor Fitzgerald raised shares of Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, BMO Capital Markets lifted their target price on shares of Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a research note on Monday, August 18th.

Insider Transactions at Lemonade

In other news, COO Adina Eckstein sold 5,000 shares of Lemonade stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total transaction of $245,000.00. Following the sale, the chief operating officer owned 189,653 shares of the company’s stock, valued at approximately $9,292,997. The trade was a 2.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Sheldon Peters sold 2,718 shares of Lemonade stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total transaction of $136,824.12. Following the sale, the insider directly owned 102,397 shares in the company, valued at $5,154,664.98. The trade was a 2.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock worth $396,020 in the last ninety days. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LMND. Vanguard Group Inc. raised its holdings in Lemonade by 14.9% in the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company’s stock worth $192,931,000 after buying an additional 794,952 shares during the last quarter. Jump Financial LLC raised its holdings in Lemonade by 365.8% in the second quarter. Jump Financial LLC now owns 581,378 shares of the company’s stock worth $25,470,000 after buying an additional 456,571 shares during the last quarter. Analyst IMS Investment Management Services Ltd. purchased a new position in Lemonade in the first quarter worth about $9,944,000. Millennium Management LLC raised its holdings in Lemonade by 255.2% in the first quarter. Millennium Management LLC now owns 329,934 shares of the company’s stock worth $10,370,000 after buying an additional 237,044 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Lemonade by 28.1% during the second quarter. Bank of America Corp DE now owns 993,669 shares of the company’s stock valued at $43,533,000 after purchasing an additional 217,913 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Lemonade Stock Down 2.0%

Shares of NYSE:LMND opened at $51.41 on Wednesday. The stock has a market cap of $3.80 billion, a PE ratio of -18.17 and a beta of 2.27. The company’s fifty day moving average is $50.68 and its 200 day moving average is $40.18. Lemonade has a 52 week low of $15.27 and a 52 week high of $62.00.

Lemonade (NYSE:LMND) last issued its earnings results on Tuesday, August 5th. The company reported ($0.60) EPS for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.21. The company had revenue of $164.10 million for the quarter, compared to analysts’ expectations of $160.88 million. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. The firm’s revenue was up 34.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.81) EPS. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Lemonade will post -3.03 EPS for the current year.

Lemonade Company Profile

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.