Lemonade (NYSE:LMND) Stock Price Expected to Rise, Piper Sandler Analyst Says

Key Points

• Piper Sandler has raised Lemonade's price target from $55.00 to $60.00, indicating a potential upside of 3.66% from the current stock price, while maintaining a "neutral" rating.
• Multiple brokerages have mixed ratings on Lemonade, with one firm rating it a "strong buy" and another setting a target as low as $26.00, while the consensus average price target stands at $41.14.
• Lemonade reported $164.10 million in revenue for the last quarter, surpassing analyst estimates and marking a 34.5% increase compared to the previous year, though it still posted a loss of ($0.60) earnings per share.

Lemonade (NYSE:LMND - Get Free Report) had its price target increased by equities research analysts at Piper Sandler from $55.00 to $60.00 in a research report issued on Wednesday, Marketbeat reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's price target would indicate a potential downside of 1.83% from the stock's previous close.

A number of other research analysts also recently weighed in on LMND. Keefe, Bruyette & Woods reiterated an "underperform" rating and set a $26.00 target price (up previously from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. Wall Street Zen raised shares of Lemonade from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. BMO Capital Markets lifted their target price on shares of Lemonade from $23.00 to $42.00 and gave the company an "underperform" rating in a report on Monday, August 18th. Cantor Fitzgerald upgraded shares of Lemonade to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley reissued an "underweight" rating on shares of Lemonade in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Lemonade currently has a consensus rating of "Reduce" and an average target price of $41.14.

Lemonade Trading Up 6.7%

LMND stock traded up $3.82 during midday trading on Wednesday, hitting $61.12. The stock had a trading volume of 4,119,955 shares, compared to its average volume of 1,881,741. Lemonade has a 52 week low of $15.27 and a 52 week high of $61.82. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of -21.60 and a beta of 2.28. The stock has a 50-day simple moving average of $49.23 and a 200 day simple moving average of $39.41.

Lemonade (NYSE:LMND - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) earnings per share for the quarter, beating the consensus estimate of ($0.81) by $0.21. The business had revenue of $164.10 million for the quarter, compared to analysts' expectations of $160.88 million. Lemonade had a negative return on equity of 36.12% and a negative net margin of 33.96%.Lemonade's revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.81) EPS. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that Lemonade will post -3.03 EPS for the current year.

Insider Activity at Lemonade

In other Lemonade news, COO Adina Eckstein sold 5,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $49.00, for a total transaction of $245,000.00. Following the sale, the chief operating officer owned 189,653 shares in the company, valued at approximately $9,292,997. The trade was a 2.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Sheldon Peters sold 2,718 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $50.34, for a total value of $136,824.12. Following the completion of the transaction, the insider directly owned 102,397 shares of the company's stock, valued at $5,154,664.98. The trade was a 2.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,543 shares of company stock worth $915,455 in the last three months. 14.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lemonade

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its stake in Lemonade by 4.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,683 shares of the company's stock worth $249,000 after acquiring an additional 220 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Lemonade by 30.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company's stock worth $45,000 after acquiring an additional 243 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Lemonade by 3.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 11,020 shares of the company's stock worth $346,000 after purchasing an additional 380 shares during the period. Teacher Retirement System of Texas boosted its position in Lemonade by 5.9% in the second quarter. Teacher Retirement System of Texas now owns 8,285 shares of the company's stock valued at $363,000 after buying an additional 458 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Lemonade by 28.3% during the first quarter. US Bancorp DE now owns 2,406 shares of the company's stock worth $76,000 after buying an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 80.30% 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.