Lemonade, Inc. (NYSE:LMND) Receives $68.75 Average PT from Brokerages

Lemonade, Inc. (NYSE:LMND) has received a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $68.75.

LMND has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a report on Thursday, January 22nd. Citigroup reiterated an “outperform” rating on shares of Lemonade in a research report on Friday, January 16th. Piper Sandler set a $65.00 price objective on shares of Lemonade in a research note on Thursday, February 19th. Keefe, Bruyette & Woods raised their target price on shares of Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a research report on Tuesday, February 24th. Finally, Cantor Fitzgerald boosted their target price on shares of Lemonade from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th.

Lemonade Stock Performance

Lemonade stock opened at $64.20 on Wednesday. Lemonade has a 52 week low of $24.31 and a 52 week high of $99.90. The stock has a market capitalization of $4.90 billion, a P/E ratio of -28.41 and a beta of 2.12. The stock has a fifty day moving average of $68.81 and a 200-day moving average of $66.48.

Lemonade (NYSE:LMND) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.During the same period last year, the firm earned ($0.42) EPS. The firm’s revenue was up 53.3% on a year-over-year basis. On average, research analysts forecast that Lemonade will post -3.03 earnings per share for the current year.

Insider Buying and Selling at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 3,571 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $52.50, for a total value of $187,477.50. Following the completion of the transaction, the insider directly owned 76,729 shares in the company, valued at approximately $4,028,272.50. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel A. Schreiber sold 9,108 shares of Lemonade stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $99.04, for a total value of $902,056.32. Following the sale, the chief executive officer directly owned 1,514,426 shares in the company, valued at $149,988,751.04. The trade was a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 160,300 shares of company stock worth $14,796,026. 14.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position 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 worth $29,000 after buying an additional 404 shares during the period. Bayforest Capital Ltd bought a new stake in Lemonade during the 3rd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in Lemonade in the 4th quarter valued at approximately $33,000. Torren Management LLC acquired a new position in Lemonade in the 4th quarter valued at approximately $35,000. Finally, Strive Financial Group LLC bought a new position in shares of Lemonade during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

About Lemonade

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.