Lemonade (NYSE:LMND) Trading 4.5% Higher - What's Next?

Lemonade, Inc. (NYSE:LMND - Get Free Report)'s stock price was up 4.5% during trading on Friday . The company traded as high as $33.54 and last traded at $33.76. Approximately 306,637 shares were traded during trading, a decline of 84% from the average daily volume of 1,934,258 shares. The stock had previously closed at $32.29.

Analyst Ratings Changes

A number of research analysts have commented on LMND shares. Morgan Stanley cut Lemonade from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $35.00 to $24.00 in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price target on Lemonade from $25.00 to $22.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Piper Sandler decreased their price target on Lemonade from $44.00 to $34.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $28.17.

Lemonade Stock Up 4.1%

The business has a 50-day moving average price of $29.90 and a two-hundred day moving average price of $34.97. The firm has a market cap of $2.46 billion, a PE ratio of -11.05 and a beta of 2.13.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.84) by ($0.02). Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. During the same period in the previous year, the business posted ($0.67) EPS. The firm's quarterly revenue was up 27.0% on a year-over-year basis. On average, equities research analysts predict that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Insider Transactions at Lemonade

In related news, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the transaction, the insider now owns 87,609 shares of the company's stock, valued at $2,960,308.11. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Softbank Group Capital Ltd sold 500,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.25, for a total value of $16,125,000.00. Following the completion of the transaction, the insider now directly owns 7,498,723 shares in the company, valued at $241,833,816.75. This trade represents a 6.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,744,890 shares of company stock valued at $87,413,986. 14.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lemonade

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in Lemonade by 2.6% in the first quarter. Rhumbline Advisers now owns 77,706 shares of the company's stock valued at $2,442,000 after buying an additional 2,001 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Lemonade during the first quarter worth about $1,455,000. Goldman Sachs Group Inc. grew its holdings in shares of Lemonade by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 612,292 shares of the company's stock worth $19,244,000 after purchasing an additional 41,759 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Lemonade during the first quarter worth about $638,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Lemonade during the first quarter worth about $35,000. 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.