Lemonade (NYSE:LMND) Trading 7.6% Higher – Time to Buy?

Lemonade, Inc. (NYSE:LMND)’s stock price shot up 7.6% during trading on Monday . The company traded as high as $59.22 and last traded at $59.3550. 927,203 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 2,640,851 shares. The stock had previously closed at $55.15.

Analyst Ratings Changes

Several research analysts have recently issued reports on LMND shares. Keefe, Bruyette & Woods upped their target price on shares of Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a report on Tuesday, February 24th. Piper Sandler set a $65.00 price target on Lemonade in a research note on Thursday, February 19th. Citizens Jmp set a $80.00 price objective on Lemonade in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research report on Thursday, January 22nd. Finally, Morgan Stanley set a $85.00 price target on shares of Lemonade and gave the company an “equal weight” rating in a report on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.75.

Lemonade Price Performance

The stock has a market capitalization of $4.42 billion, a P/E ratio of -25.65 and a beta of 2.12. The stock’s fifty day moving average is $70.41 and its two-hundred day moving average is $66.30.

Lemonade (NYSE:LMND) last issued its earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.The firm’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.42) EPS. Analysts expect that Lemonade, Inc. will post -3.03 EPS for the current year.

Insider Activity

In other Lemonade news, CEO Daniel A. Schreiber sold 9,108 shares of Lemonade stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $99.04, for a total transaction of $902,056.32. Following the sale, the chief executive officer directly owned 1,514,426 shares of the company’s stock, valued at approximately $149,988,751.04. The trade was a 0.60% 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, insider John Sheldon Peters sold 3,571 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $52.50, for a total transaction of $187,477.50. Following the sale, the insider directly owned 76,729 shares of the company’s stock, valued at approximately $4,028,272.50. The trade was a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 160,300 shares of company stock worth $14,796,026. 12.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bayforest Capital Ltd bought a new stake in Lemonade in the 3rd quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its stake in Lemonade by 8,080.0% during the fourth 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 in the last quarter. Strategic Advocates LLC acquired a new position in Lemonade during the third quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Lemonade in the fourth quarter valued at about $33,000. Finally, Torren Management LLC bought a new position in Lemonade in the 4th quarter valued at approximately $35,000. 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.