Shares of Lemonade, Inc. (NYSE:LMND – Get Free Report) have received a consensus rating of “Reduce” from the eight analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.86.
A number of equities analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Lemonade in a research note on Monday, April 15th. Piper Sandler boosted their target price on Lemonade from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group raised their price target on Lemonade from $14.00 to $16.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 7th.
Get Our Latest Research Report on Lemonade
Insiders Place Their Bets
Hedge Funds Weigh In On Lemonade
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Halter Ferguson Financial Inc. purchased a new position in Lemonade during the 4th quarter worth $6,429,000. GSA Capital Partners LLP purchased a new position in shares of Lemonade in the 1st quarter valued at approximately $3,100,000. Cypress Capital Management LLC WY acquired a new stake in Lemonade in the 4th quarter worth approximately $946,000. Tidal Investments LLC acquired a new stake in Lemonade in the 1st quarter worth approximately $718,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Lemonade during the 1st quarter worth approximately $477,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.
Lemonade Trading Up 2.3 %
LMND opened at $23.05 on Friday. Lemonade has a 12 month low of $10.27 and a 12 month high of $24.81. The stock has a 50-day moving average of $17.00 and a 200 day moving average of $16.89. The firm has a market cap of $1.63 billion, a P/E ratio of -7.36 and a beta of 1.78.
Lemonade (NYSE:LMND – Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported ($0.67) earnings per share for the quarter, beating the consensus estimate of ($0.81) by $0.14. The firm had revenue of $119.10 million for the quarter, compared to the consensus estimate of $114.13 million. Lemonade had a negative return on equity of 30.30% and a negative net margin of 48.14%. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.95) EPS. On average, research analysts forecast that Lemonade will post -2.94 earnings per share for the current fiscal year.
About Lemonade
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.
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