Lemonade (LMND) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lemonade in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LMND shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LMND, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued twelve-month target prices for Lemonade's stock. Their LMND share price forecasts range from $10.00 to $30.00. On average, they predict the company's stock price to reach $17.06 in the next twelve months. This suggests that the stock has a possible downside of 12.1%.
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Lemonade's stock was trading at $13.68 at the beginning of 2023. Since then, LMND stock has increased by 42.0% and is now trading at $19.42.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Lemonade, Inc. (NYSE:LMND) issued its quarterly earnings results on Wednesday, May, 3rd. The company reported ($0.95) earnings per share for the quarter, topping analysts' consensus estimates of ($1.14) by $0.19. The firm had revenue of $95.20 million for the quarter, compared to analyst estimates of $88.20 million. Lemonade had a negative trailing twelve-month return on equity of 33.54% and a negative net margin of 93.89%. The company's quarterly revenue was up 114.9% on a year-over-year basis. During the same quarter last year, the company posted ($1.21) earnings per share.

ETFs with the largest weight of Lemonade (NYSE:LMND) stock in their portfolio include Simplify Volt RoboCar Disruption and Tech ETF (VCAR), BlueStar Israel Technology ETF (ITEQ), ROBO Global Artificial Intelligence ETF (THNQ), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Global X FinTech Thematic ETF (FINX), VanEck Israel ETF (ISRA) and iShares U.S. Insurance ETF (IAK).Motley Fool Next Index ETF (TMFX).

Lemonade issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $96.00 million-$98.00 million, compared to the consensus revenue estimate of $90.92 million.

121 employees have rated Lemonade Chief Executive Officer Daniel Schreiber on Glassdoor.com. Daniel Schreiber has an approval rating of 99% among the company's employees. This puts Daniel Schreiber in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lemonade investors own include NVIDIA (NVDA), Tesla (TSLA), Teladoc Health (TDOC), CrowdStrike (CRWD), Block (SQ), DocuSign (DOCU), PayPal (PYPL), Zoom Video Communications (ZM), Intel (INTC) and Datadog (DDOG).

(LMND) raised $270 million in an initial public offering on Thursday, July 2nd 2020. The company issued 11,000,000 shares at a price of $23.00-$26.00 per share. Goldman Sachs, Morgan Stanley, Allen & Company and Barclays Capital acted as the underwriters for the IPO and JMP Securities, Oppenheimer, William Blair and LionTree were co-managers.

Lemonade trades on the New York Stock Exchange (NYSE) under the ticker symbol "LMND."

Lemonade's stock is owned by a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (7.28%), BlackRock Inc. (4.96%), State Street Corp (1.34%), Geode Capital Management LLC (1.25%), Sandler Capital Management (0.00%) and Charles Schwab Investment Management Inc. (0.49%). Insiders that own company stock include Becker Caryn Seidman, Daniel A Schreiber, Joel E Cutler, John Sheldon Peters, Jorge Espinel, Michael A Eisenberg, Shai Wininger and Timothy E Bixby.
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Shares of LMND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LMND stock can currently be purchased for approximately $19.42.

Lemonade (NYSE:LMND) has a market capitalization of $1.35 billion and generates $256.70 million in revenue each year. The company earns $-297,800,000.00 in net income (profit) each year or ($4.35) on an earnings per share basis.

The company employs 1,367 workers across the globe.

Lemonade's mailing address is 5 CROSBY STREET 3RD FLOOR, NEW YORK NY, 10013. The official website for the company is www.lemonade.com. The company can be reached via phone at 844-733-8666 or via email at ir@lemonade.com.