Piper Sandler Lowers Lemonade (NYSE:LMND) Price Target to $51.00

Lemonade (NYSE:LMND) had its price target lowered by research analysts at Piper Sandler from $75.00 to $51.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 4.02% from the stock’s current price.

A number of other analysts have also recently commented on LMND. Cantor Fitzgerald reiterated an “overweight” rating on shares of Lemonade in a research report on Tuesday, May 26th. UBS Group set a $75.00 target price on shares of Lemonade in a report on Thursday, May 21st. Keefe, Bruyette & Woods raised Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 target price on the stock in a research note on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research note on Friday, July 17th. Finally, TD Cowen reiterated a “hold” rating on shares of Lemonade in a research report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lemonade has a consensus rating of “Hold” and an average target price of $64.11.

Lemonade Price Performance

LMND stock traded up $1.65 during trading on Thursday, reaching $49.03. 1,710,912 shares of the company were exchanged, compared to its average volume of 2,026,992. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of -26.25 and a beta of 1.79. The company has a 50-day moving average of $61.41 and a two-hundred day moving average of $63.86. Lemonade has a twelve month low of $35.70 and a twelve month high of $99.90.

Lemonade (NYSE:LMND) last posted its earnings results on Wednesday, July 29th. The company reported ($0.56) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.56). Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. The firm had revenue of $294.40 million for the quarter, compared to analysts’ expectations of $291.01 million. During the same quarter in the previous year, the firm posted ($0.60) earnings per share. The company’s revenue was up 79.4% on a year-over-year basis. On average, analysts forecast that Lemonade will post -1.7 EPS for the current year.

Insider Activity

In other news, insider Maya Prosor sold 1,220 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $64,867.40. Following the sale, the insider owned 187,573 shares in the company, valued at approximately $9,973,256.41. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Sheldon Peters sold 3,608 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $52.94, for a total transaction of $191,007.52. Following the transaction, the insider owned 81,386 shares in the company, valued at approximately $4,308,574.84. This trade represents a 4.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 10,007 shares of company stock worth $620,201 over the last ninety days. 12.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Lemonade

Several large investors have recently bought and sold shares of LMND. Handelsbanken Fonder AB increased its stake in Lemonade by 12.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 20,800 shares of the company’s stock valued at $1,353,000 after purchasing an additional 2,300 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Lemonade by 52.1% during the first quarter. Bank of America Corp DE now owns 360,411 shares of the company’s stock worth $22,591,000 after buying an additional 123,484 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Lemonade during the first quarter valued at $814,000. California State Teachers Retirement System grew its holdings in shares of Lemonade by 22.5% during the first quarter. California State Teachers Retirement System now owns 72,887 shares of the company’s stock valued at $4,569,000 after buying an additional 13,411 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Lemonade by 148.5% in the 1st quarter. Royal Bank of Canada now owns 31,328 shares of the company’s stock valued at $1,964,000 after acquiring an additional 18,721 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Lemonade News Summary

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Second-quarter revenue reached $294.4 million, exceeding the $291.0 million consensus estimate and rising 79.4% year over year. Adjusted loss per share of $0.56 matched expectations and improved from a $0.60 loss in the prior-year period. Lemonade Q2 earnings report
• Positive Sentiment: Third-quarter revenue guidance of $323 million to $326 million is above the $320.5 million analyst estimate, while the company reiterated approximately $1.2 billion in full-year 2026 revenue guidance. Lemonade Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted a favorable reinsurance shift, continued progress toward profitability, and strategic use of artificial intelligence—potential long-term catalysts for margins and growth. Lemonade favorable reinsurance shift
• Neutral Sentiment: Keefe, Bruyette & Woods upgraded Lemonade from “underperform” to “market perform,” but its $48 price target is slightly below the stock’s referenced trading level, signaling limited near-term upside. Benzinga analyst upgrade
• Negative Sentiment: The stock sold off following the earnings release because revenue guidance was viewed as insufficient relative to Lemonade’s valuation, while the company continues to post substantial losses and has not provided a clear earnings-per-share outlook. Lemonade falls after Q2 guidance
• Negative Sentiment: CFO Tim Bixby will leave the role at year-end, with SVP Finance Nick Stead succeeding him. Although Bixby is expected to join Lemonade’s board, the transition introduces execution and profitability-plan uncertainty. Lemonade CFO transition

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.