Lemonade (NYSE:LMND – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.
LMND has been the subject of several other research reports. Morgan Stanley decreased their price objective on Lemonade from $56.00 to $48.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Truist Financial reduced their price target on shares of Lemonade from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a report on Thursday, October 15th. Piper Sandler dropped their target price on Lemonade from $51.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Citizens Jmp dropped their target price on shares of Lemonade from $80.00 to $75.00 and set a “market outperform” rating on the stock in a report on Friday. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.12.
View Our Latest Stock Analysis on LMND
Lemonade Price Performance
Shares of NYSE LMND opened at $39.59 on Friday. The business has a 50-day moving average of $46.66 and a 200-day moving average of $57.69. Lemonade has a fifty-two week low of $39.11 and a fifty-two week high of $99.90. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -21.06 and a beta of 1.98.
Lemonade (NYSE:LMND – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.02. The business had revenue of $336.10 million during the quarter, compared to the consensus estimate of $322.74 million. Lemonade had a negative net margin of 14.19% and a negative return on equity of 26.78%. The business’s revenue for the quarter was up 72.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.51) earnings per share. On average, sell-side analysts expect that Lemonade will post -1.83 EPS for the current year.
Insider Transactions at Lemonade
In other news, 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 transaction of $578,050.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Maya Prosor sold 1,040 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $54.63, for a total transaction of $56,815.20. Following the sale, the insider directly owned 186,533 shares in the company, valued at $10,190,297.79. This trade represents a 0.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 15,148 shares of company stock valued at $804,250. 12.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Lemonade
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in shares of Lemonade by 115.2% in the 3rd quarter. Allworth Financial LP now owns 622 shares of the company’s stock valued at $28,000 after purchasing an additional 333 shares in the last quarter. Fifth Third Bancorp raised its holdings in Lemonade by 106.4% in the 3rd quarter. Fifth Third Bancorp now owns 55,353 shares of the company’s stock worth $2,499,000 after acquiring an additional 28,531 shares during the period. Fulcrum Asset Management LLP acquired a new position in shares of Lemonade in the third quarter valued at approximately $266,000. Commonwealth Equity Services LLC grew its position in Lemonade by 12.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 14,940 shares of the company’s stock worth $674,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Ascent Wealth Partners LLC lifted its stake in shares of Lemonade by 11.8% during the 3rd quarter. Ascent Wealth Partners LLC now owns 5,786 shares of the company’s stock valued at $261,000 after buying an additional 612 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.
Key Lemonade News
Here are the key news stories impacting Lemonade this week:
- Positive Sentiment: Q3 revenue rose 72.8% year over year to $336.1 million, above the $322.7 million consensus estimate. The $0.56-per-share loss was slightly narrower than analysts expected, and Q4 revenue guidance of $342 million to $346 million edged above estimates. Lemonade Q3 results
- Neutral Sentiment: Truist cut its price target to $60 from $70 but kept a Buy rating; Citizens JMP lowered its target to $75 from $80 and maintained Market Outperform. Piper Sandler reduced its target to $47 from $51 and retained a Neutral rating. The target cuts temper the analyst outlook, while the ratings remain mixed but generally supportive. Truist rating
- Negative Sentiment: The loss widened from $0.51 per share a year earlier, and coverage flagged rising expenses as a potential headwind to Lemonade’s AI-driven growth. The post-earnings decline suggests investors focused on profitability concerns despite the revenue and EPS beats. Q3 expense headwinds analysis
Lemonade Company Profile
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.
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