Lemonade, Inc. (NYSE:LMND – Get Rating) has received an average rating of "Hold" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $31.29.
Several research firms recently weighed in on LMND. Piper Sandler increased their price target on shares of Lemonade from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Wednesday, August 10th. Oppenheimer increased their price target on shares of Lemonade from $30.00 to $35.00 in a research report on Wednesday, August 10th. Credit Suisse Group reduced their price target on shares of Lemonade to $14.00 in a research report on Friday, July 22nd. Finally, Barclays increased their price target on shares of Lemonade from $20.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 10th.
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Hedge Funds Weigh In On Lemonade
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its holdings in shares of Lemonade by 37.1% in the fourth quarter. Raymond James & Associates now owns 14,752 shares of the company's stock worth $621,000 after buying an additional 3,994 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in shares of Lemonade by 230.5% in the first quarter. Compagnie Lombard Odier SCmA now owns 1,570 shares of the company's stock worth $41,000 after buying an additional 1,095 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of Lemonade in the fourth quarter worth about $1,138,000. B & T Capital Management DBA Alpha Capital Management lifted its holdings in shares of Lemonade by 176.5% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 113,122 shares of the company's stock worth $2,983,000 after buying an additional 72,205 shares in the last quarter. Finally, WMG Financial Advisors LLC lifted its holdings in shares of Lemonade by 17.0% in the first quarter. WMG Financial Advisors LLC now owns 23,020 shares of the company's stock worth $607,000 after buying an additional 3,350 shares in the last quarter. Institutional investors own 48.60% of the company's stock.
Lemonade Price Performance
NYSE LMND opened at $25.50 on Friday. Lemonade has a 1 year low of $15.99 and a 1 year high of $79.54. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -5.63 and a beta of 1.60. The company has a fifty day moving average price of $22.82 and a 200-day moving average price of $22.19.
Lemonade (NYSE:LMND – Get Rating) last posted its earnings results on Monday, August 8th. The company reported ($1.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.35) by $0.25. Lemonade had a negative net margin of 163.39% and a negative return on equity of 29.43%. The firm had revenue of $50.00 million during the quarter, compared to analyst estimates of $47.56 million. During the same quarter in the prior year, the business posted ($0.90) EPS. The business's revenue was up 77.3% compared to the same quarter last year. On average, research analysts anticipate that Lemonade will post -4.82 EPS for the current fiscal year.
About Lemonade
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Lemonade (LMND)
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