Lemonade (NYSE:LMND) Sets New 1-Year High - Here's What Happened

Key Points

• Lemonade, Inc. (NYSE:LMND) reached a new 52-week high of $60.49 during trading, closing at $60.31 with a trading volume of over 1.5 million shares.
• Several analysts have upgraded their ratings and target prices for Lemonade, with Piper Sandler raising its target to $60.00 and Cantor Fitzgerald issuing a "strong-buy" rating.
• The company reported a revenue of $164.10 million for the last quarter, exceeding analysts' expectations, and has adjusted its guidance for EPS in FY 2025.

Lemonade, Inc. (NYSE:LMND - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $60.49 and last traded at $60.31, with a volume of 1554480 shares changing hands. The stock had previously closed at $57.30.

Wall Street Analyst Weigh In

LMND has been the subject of several analyst reports. Piper Sandler raised their target price on shares of Lemonade from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday. Cantor Fitzgerald raised shares of Lemonade to a "strong-buy" rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Lemonade from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Morgan Stanley reissued an "underweight" rating on shares of Lemonade in a research note on Monday, August 18th. Finally, BMO Capital Markets lifted their price objective on shares of Lemonade from $23.00 to $42.00 and gave the stock an "underperform" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $41.14.

Lemonade Stock Up 7.5%

The company has a 50 day moving average price of $48.77 and a 200-day moving average price of $39.23. The company has a market cap of $4.55 billion, a price-to-earnings ratio of -21.72 and a beta of 2.28.

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

Insider Buying and Selling

In related news, insider John Sheldon Peters sold 6,543 shares of Lemonade stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $45.00, for a total value of $294,435.00. Following the completion of the sale, the insider owned 106,115 shares of the company's stock, valued at approximately $4,775,175. This trade represents a 5.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Adina Eckstein sold 5,000 shares of Lemonade stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the sale, the chief operating officer directly owned 189,653 shares of the company's stock, valued at approximately $8,534,385. The trade was a 2.57% 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 over the last 90 days. Company insiders own 14.70% of the company's stock.

Institutional Investors Weigh In On Lemonade

Hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in Lemonade by 697.4% in the 4th quarter. Ameriprise Financial Inc. now owns 98,697 shares of the company's stock worth $3,620,000 after acquiring an additional 86,320 shares during the last quarter. Millennium Management LLC increased its holdings in Lemonade by 67.4% in the 4th quarter. Millennium Management LLC now owns 92,890 shares of the company's stock worth $3,407,000 after acquiring an additional 37,398 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Lemonade in the 4th quarter worth about $539,000. Two Sigma Investments LP purchased a new stake in Lemonade in the 4th quarter worth about $22,066,000. Finally, Two Sigma Advisers LP purchased a new stake in Lemonade in the 4th quarter worth about $15,412,000. 80.30% of the stock is currently owned by institutional investors.

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.

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