Lemonade (NYSE:LMND) Stock Price Up 3.5% - Here's What Happened

Key Points

• Lemonade's stock price rose by 3.5% during mid-day trading, reaching a high of $49.98, with a trading volume decline of 60% from its average.
• Multiple analysts upgraded their ratings for Lemonade, with Cantor Fitzgerald giving it a "strong-buy" rating, while BMO Capital Markets set an underperform rating with a new price target of $42.00.
• The company reported a quarterly revenue increase of 34.5% year-over-year, beating analyst expectations, with earnings per share at ($0.60).

Lemonade, Inc. (NYSE:LMND - Get Free Report) shares were up 3.5% during mid-day trading on Friday . The stock traded as high as $49.98 and last traded at $49.21. Approximately 938,318 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 2,338,444 shares. The stock had previously closed at $47.55.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LMND shares. Cantor Fitzgerald raised Lemonade to a "strong-buy" rating in a report on Wednesday, August 13th. BMO Capital Markets upped their price objective on shares of Lemonade from $23.00 to $42.00 and gave the company an "underperform" rating in a research note on Monday, August 18th. Wall Street Zen raised Lemonade from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Piper Sandler decreased their target price on shares of Lemonade from $60.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, October 10th. Finally, Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $26.00 price target (up previously from $22.00) on shares of Lemonade in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $48.00.

Lemonade Trading Up 0.7%

The stock has a 50 day moving average price of $53.99 and a two-hundred day moving average price of $41.85. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -16.91 and a beta of 2.24.

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, Inc. will post -3.03 EPS for the current fiscal year.

Insider Activity at Lemonade

In other news, COO Adina Eckstein sold 5,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total transaction of $245,000.00. Following the transaction, the chief operating officer directly owned 189,653 shares in the company, valued at $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 is available at this link. Also, insider John Sheldon Peters sold 2,718 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total value of $136,824.12. Following the completion of the sale, the insider owned 102,397 shares in the company, valued at approximately $5,154,664.98. This trade represents a 2.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,000 shares of company stock valued at $396,020. 14.70% of the stock is currently owned by insiders.

Institutional Trading of Lemonade

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Lemonade by 35,901.8% in the first quarter. GAMMA Investing LLC now owns 19,801 shares of the company's stock valued at $630,000 after acquiring an additional 19,746 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Lemonade by 50.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,065 shares of the company's stock valued at $96,000 after purchasing an additional 1,029 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Lemonade in the 1st quarter valued at approximately $246,000. Bank of New York Mellon Corp lifted its stake in Lemonade by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 153,682 shares of the company's stock valued at $4,830,000 after purchasing an additional 2,496 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Lemonade by 3.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 11,020 shares of the company's stock valued at $346,000 after purchasing an additional 380 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

About Lemonade

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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