Lemonade (NYSE:LMND) Posts Earnings Results, Beats Expectations By $0.19 EPS

Lemonade (NYSE:LMND) released its quarterly earnings data on Tuesday. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.19, Zacks reports. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. Lemonade updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Lemonade Trading Down 7.3 %

LMND stock traded down $2.53 during mid-day trading on Tuesday, hitting $32.18. 4,860,543 shares of the company were exchanged, compared to its average volume of 1,976,548. The company has a market capitalization of $2.30 billion, a PE ratio of -10.58 and a beta of 2.15. The firm has a fifty day simple moving average of $35.64 and a 200 day simple moving average of $29.05. Lemonade has a twelve month low of $14.03 and a twelve month high of $53.85.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LMND. Piper Sandler boosted their price objective on Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Morgan Stanley upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods downgraded shares of Lemonade from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $18.00 to $21.00 in a research note on Thursday, November 7th. JMP Securities lifted their target price on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets upped their price target on Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.67.

Insiders Place Their Bets

In related news, major shareholder Softbank Group Capital Ltd sold 719,815 shares of Lemonade stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $44.29, for a total transaction of $31,880,606.35. Following the sale, the insider now directly owns 11,263,569 shares in the company, valued at $498,863,471.01. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Eisenberg sold 12,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $40.15, for a total transaction of $481,800.00. Following the completion of the transaction, the director now owns 94,670 shares of the company’s stock, valued at $3,801,000.50. This represents a 11.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 769,657 shares of company stock valued at $33,868,724. Company insiders own 12.50% of the company’s stock.

Lemonade Company Profile

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.