Shares of Lemonade, Inc. (NYSE:LMND – Get Rating) have been given an average rating of "Hold" by the seven research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $31.29.
LMND has been the subject of several research reports. Barclays lifted their target price on Lemonade from $20.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 10th. Piper Sandler raised their price target on Lemonade from $20.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 10th. Oppenheimer raised their price target on Lemonade from $30.00 to $35.00 in a research report on Wednesday, August 10th. Finally, Credit Suisse Group reduced their price target on Lemonade to $14.00 in a research report on Friday, July 22nd.
Get Lemonade alerts:Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LMND. MetLife Investment Management LLC bought a new position in Lemonade during the first quarter worth about $25,000. DeDora Capital Inc. acquired a new stake in shares of Lemonade in the 1st quarter valued at about $27,000. Tyler Stone Wealth Management acquired a new stake in shares of Lemonade in the 4th quarter valued at about $29,000. Nauset Wealth Management. LLC acquired a new stake in shares of Lemonade in the 1st quarter valued at about $32,000. Finally, Captrust Financial Advisors raised its stake in shares of Lemonade by 91.7% in the 2nd quarter. Captrust Financial Advisors now owns 1,909 shares of the company's stock valued at $35,000 after purchasing an additional 913 shares during the period. 48.60% of the stock is currently owned by institutional investors.
Lemonade Price Performance
LMND stock opened at $23.56 on Wednesday. The business has a fifty day moving average price of $23.66 and a 200 day moving average price of $22.23. Lemonade has a fifty-two week low of $15.99 and a fifty-two week high of $79.54. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -5.20 and a beta of 1.41.Lemonade (NYSE:LMND – Get Rating) last released its earnings results on Monday, August 8th. The company reported ($1.10) EPS for the quarter, beating the consensus estimate of ($1.35) by $0.25. The company had revenue of $50.00 million during the quarter, compared to analysts' expectations of $47.56 million. Lemonade had a negative return on equity of 29.43% and a negative net margin of 163.39%. The business's revenue for the quarter was up 77.3% on a year-over-year basis. During the same period last year, the firm earned ($0.90) EPS. On average, equities analysts expect that Lemonade will post -4.82 earnings per share for the current fiscal year.
Lemonade Company Profile
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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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