Lemonade, Inc. provides various insurance products in the United States and Europe. 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. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. and changed its name to Lemonade, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.
Wall Street Analysts Forecast Growth
LMND has been the subject of several recent analyst reports. Oppenheimer boosted their target price on Lemonade from $30.00 to $35.00 in a research report on Wednesday. Barclays boosted their price objective on Lemonade from $20.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday. Piper Sandler increased their target price on Lemonade from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday. Credit Suisse Group decreased their target price on Lemonade to $14.00 in a research report on Friday, July 22nd. Finally, JMP Securities cut their price target on shares of Lemonade from $95.00 to $40.00 in a report on Wednesday, May 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Lemonade presently has an average rating of "Hold" and an average target price of $34.00.
Lemonade Trading Up 6.1 %
Shares of LMND Stock opened at $30.41 on Friday. Lemonade has a twelve month low of $15.99 and a twelve month high of $81.68. The stock has a fifty day simple moving average of $20.09 and a two-hundred day simple moving average of $22.84. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -6.71 and a beta of 1.83.
Lemonade (NYSE:LMND - Get Rating) last released its quarterly earnings data on Monday, August 8th. The company reported ($1.10) earnings per share for the quarter, topping analysts' consensus estimates of ($1.35) by $0.25. Lemonade had a negative net margin of 163.39% and a negative return on equity of 28.42%. The company had revenue of $50.00 million during the quarter, compared to analyst estimates of $47.56 million. During the same period in the prior year, the firm earned ($0.90) earnings per share. The firm's revenue for the quarter was up 77.3% compared to the same quarter last year. Research analysts predict that Lemonade will post -5.54 EPS for the current fiscal year.