Weiss Ratings Reiterates Sell (D-) Rating for Lemonade (NYSE:LMND)

Key Points

• Weiss Ratings has reiterated a Sell (D-) rating for Lemonade (NYSE:LMND), indicating continued caution regarding the stock's performance.
• Several analysts have differing views on Lemonade; while Piper Sandler raised its price target and gave a "neutral" rating, Keefe, Bruyette & Woods maintained an "underperform" rating with a price target of $26.00.
• Lemonade reported a revenue increase of 34.5% year-over-year, but its earnings per share remain negative, highlighting ongoing financial challenges for the company.

Lemonade (NYSE:LMND - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. Piper Sandler upped their price target on shares of Lemonade from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, September 17th. Keefe, Bruyette & Woods restated an "underperform" rating and issued a $26.00 price target (up from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. Morgan Stanley upped their price target on shares of Lemonade from $43.00 to $45.00 and gave the stock an "underweight" rating in a report on Tuesday. Wall Street Zen upgraded shares of Lemonade from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Cantor Fitzgerald upgraded shares of Lemonade to a "strong-buy" rating in a report on Wednesday, August 13th. One equities 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. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $48.83.

Lemonade Trading Up 0.8%

Shares of LMND opened at $55.51 on Wednesday. Lemonade has a twelve month low of $15.27 and a twelve month high of $62.00. The company has a market cap of $4.10 billion, a P/E ratio of -19.61 and a beta of 2.24. The company's fifty day simple moving average is $53.06 and its 200-day simple moving average is $41.17.

Lemonade (NYSE:LMND - Get Free Report) last announced its earnings results 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. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. The business had revenue of $164.10 million for the quarter, compared to the consensus estimate of $160.88 million. During the same quarter in the prior year, the firm posted ($0.81) earnings per share. The business's revenue for the quarter was up 34.5% on a year-over-year basis. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Lemonade will post -3.03 earnings per share for the current fiscal year.

Insider Activity

In other Lemonade news, COO Adina Eckstein sold 5,000 shares of the 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. This represents a 2.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Sheldon Peters sold 2,718 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total transaction of $136,824.12. Following the completion of the sale, the insider owned 102,397 shares in the company, valued at $5,154,664.98. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,000 shares of company stock worth $396,020. 14.70% of the stock is owned by company insiders.

Institutional Trading of Lemonade

Institutional investors have recently modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of Lemonade in the 1st quarter valued at about $26,000. NewEdge Advisors LLC bought a new stake in shares of Lemonade in the 1st quarter valued at about $35,000. Hollencrest Capital Management bought a new stake in shares of Lemonade in the 1st quarter valued at about $41,000. Estabrook Capital Management bought a new stake in shares of Lemonade in the 2nd quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Lemonade by 30.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company's stock valued at $45,000 after buying an additional 243 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.