Lemonade, Inc. (LMND) – What Are Investment Firms Saying About This Stock?

Shares of Lemonade, Inc. (NYSE:LMND – Get Free Report) have received an average rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $63.50.

Several research analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 price target on the stock in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research note on Thursday, October 15th. Morgan Stanley reduced their target price on shares of Lemonade from $56.00 to $48.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Piper Sandler lowered their price target on shares of Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th.

Read Our Latest Stock Report on Lemonade

Insider Transactions at Lemonade

In other news, insider Maya Prosor sold 1,040 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $54.63, for a total value of $56,815.20. Following the completion of the sale, the insider owned 186,533 shares of the company’s stock, valued at approximately $10,190,297.79. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Peters sold 11,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $52.55, for a total value of $578,050.00. Following the sale, the insider owned 76,942 shares of the company’s stock, valued at $4,043,302.10. This represents a 12.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,148 shares of company stock worth $804,250 over the last ninety days. Insiders own 12.20% of the company’s stock.

Hedge Funds Weigh In On Lemonade

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Lemonade during the second quarter worth about $30,000. State of Wyoming bought a new stake in shares of Lemonade in the first quarter worth about $42,000. Sterling Capital Management LLC increased its holdings in Lemonade by 838.3% during the 3rd quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $107,000 after purchasing an additional 2,121 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Lemonade during the 2nd quarter valued at about $128,000. Finally, Triumph Capital Management raised its position in Lemonade by 28.0% during the 3rd quarter. Triumph Capital Management now owns 3,118 shares of the company’s stock valued at $141,000 after purchasing an additional 682 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

Lemonade Price Performance

Shares of LMND opened at $45.80 on Thursday. The firm has a market cap of $3.55 billion, a P/E ratio of -25.03 and a beta of 1.98. The stock has a 50 day simple moving average of $47.19 and a two-hundred day simple moving average of $58.08. Lemonade has a 1 year low of $39.60 and a 1 year high of $99.90.

About Lemonade

(Get Free Report)

Lemonade, Inc is a technology-driven insurance company that offers insurance products through digital platforms, including its mobile application and website. The company uses artificial intelligence, automation and data analytics to support policy purchasing, customer service and claims processing.

Lemonade’s product offerings include renters, homeowners, car, pet and term life insurance. Coverage and product availability vary by jurisdiction, and some policies are provided through regulated insurance subsidiaries or underwritten in partnership with other insurers.

Founded in 2015 by Daniel Schreiber and Shai Wininger, Lemonade serves customers in the United States and selected European markets, including Germany, the Netherlands, France and the United Kingdom.

See Also

Analyst Recommendations for Lemonade (NYSE:LMND)

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