Lemonade, Inc. (NYSE:LMND) Receives Average Rating of "Reduce" from Analysts

Shares of Lemonade, Inc. (NYSE:LMND - Get Free Report) have earned an average recommendation of "Reduce" from the seven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.11.

A number of equities research analysts have commented on LMND shares. TD Cowen began coverage on Lemonade in a research report on Wednesday, January 10th. They issued a "market perform" rating and a $17.00 target price on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 target price on shares of Lemonade in a report on Monday, April 15th. Morgan Stanley lifted their target price on shares of Lemonade from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Wednesday, February 28th. Piper Sandler reiterated a "neutral" rating and issued a $17.00 price objective on shares of Lemonade in a research note on Thursday, February 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Lemonade from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Monday, March 4th.

Lemonade Stock Performance

Shares of LMND traded down $0.03 during trading hours on Monday, hitting $17.92. 1,522,874 shares of the stock were exchanged, compared to its average volume of 1,764,653. The stock's 50-day moving average price is $16.86 and its two-hundred day moving average price is $16.34. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -5.26 and a beta of 1.89. Lemonade has a 12-month low of $10.27 and a 12-month high of $24.81.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.61) earnings per share for the quarter, topping analysts' consensus estimates of ($0.79) by $0.18. The firm had revenue of $115.50 million for the quarter, compared to analyst estimates of $111.71 million. Lemonade had a negative net margin of 55.12% and a negative return on equity of 31.29%. Lemonade's quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.93) earnings per share. On average, research analysts expect that Lemonade will post -3.03 earnings per share for the current year.

Insider Activity

In other news, CFO Timothy E. Bixby bought 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $16.54 per share, for a total transaction of $165,400.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at approximately $165,400. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 11.70% 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 bought and sold shares of the business. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Lemonade during the 4th quarter worth about $30,000. Asset Management One Co. Ltd. raised its position in shares of Lemonade by 48.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,343 shares of the company's stock valued at $50,000 after buying an additional 1,409 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Lemonade by 236.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,246 shares of the company's stock valued at $85,000 after buying an additional 3,687 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Lemonade in the 3rd quarter valued at approximately $108,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Lemonade in the 3rd quarter valued at approximately $117,000. 80.30% of the stock is 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.