In a report released today, Andrew Kligerman from TD Cowen maintained a Hold rating on Lemonade (LMND – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $17.25.
Kligerman covers the Financial sector, focusing on stocks such as Progressive, Lemonade, and Chubb. According to TipRanks, Kligerman has an average return of 19.5% and a 71.07% success rate on recommended stocks.
Lemonade has an analyst consensus of Hold, with a price target consensus of $20.40, a 18.26% upside from current levels. In a report released on March 3, KBW also maintained a Hold rating on the stock with a $18.00 price target.
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LMND market cap is currently $1.21B and has a P/E ratio of -5.07.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LMND in relation to earlier this year. Most recently, in January 2024, John Sheldon Peters, the Chief Insurance Officer of LMND bought 10,000.00 shares for a total of $26,500.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lemonade (LMND) Company Description:
Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes.
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