Lemonade, Inc. (NYSE:LMND) Receives $58.57 Consensus PT from Brokerages

Lemonade, Inc. (NYSE:LMND) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $58.5714.

LMND has been the subject of a number of research reports. Citizens Jmp raised their price objective on Lemonade from $60.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research report on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Lemonade from $49.00 to $53.00 and gave the stock an “underweight” rating in a research note on Monday, November 17th. Citigroup restated a “market outperform” rating on shares of Lemonade in a research note on Monday, November 24th. Finally, JMP Securities set a $80.00 target price on shares of Lemonade in a research report on Monday, November 24th.

Insider Buying and Selling

In related news, insider John Sheldon Peters sold 3,554 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $81.00, for a total value of $287,874.00. Following the sale, the insider owned 70,771 shares of the company’s stock, valued at $5,732,451. The trade was a 4.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adina Eckstein sold 7,919 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $81.15, for a total value of $642,626.85. Following the completion of the sale, the chief operating officer owned 196,310 shares in the company, valued at $15,930,556.50. This trade represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 156,525 shares of company stock worth $11,913,387 over the last ninety days. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LMND. US Bancorp DE grew its holdings in shares of Lemonade by 28.3% in the 1st quarter. US Bancorp DE now owns 2,406 shares of the company’s stock worth $76,000 after purchasing an additional 531 shares during the last quarter. Vanguard Group Inc. boosted its position in Lemonade by 14.9% in the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company’s stock valued at $192,931,000 after buying an additional 794,952 shares in the last quarter. Invesco Ltd. grew its stake in Lemonade by 92.0% during the first quarter. Invesco Ltd. now owns 147,319 shares of the company’s stock worth $4,630,000 after buying an additional 70,601 shares during the last quarter. Nuveen LLC bought a new stake in Lemonade during the first quarter worth about $4,426,000. Finally, Liontrust Investment Partners LLP acquired a new stake in shares of Lemonade during the first quarter worth approximately $2,792,000. 80.30% of the stock is owned by institutional investors.

Lemonade Price Performance

NYSE LMND opened at $77.89 on Monday. The company’s fifty day moving average is $65.71 and its two-hundred day moving average is $53.42. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of -32.59 and a beta of 2.12. Lemonade has a 52-week low of $24.31 and a 52-week high of $84.52.

Lemonade (NYSE:LMND) last released its earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.21. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The business had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $185.06 million. During the same quarter last year, the company earned ($0.95) earnings per share. The firm’s revenue was up 42.4% on a year-over-year basis. As a group, sell-side analysts expect that Lemonade will post -3.03 earnings per share for the current fiscal year.

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.