Lemonade, Inc. (NYSE:LMND) Receives $21.33 Average Target Price from Analysts

Shares of Lemonade, Inc. (NYSE:LMND) have earned a consensus recommendation of “Reduce” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.33.

Several analysts have commented on the company. Jefferies Financial Group dropped their price objective on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, October 9th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Lemonade in a report on Tuesday, October 15th. Finally, Piper Sandler upped their price objective on shares of Lemonade from $18.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st.

Insider Transactions at Lemonade

In other Lemonade news, CFO Timothy E. Bixby sold 2,050 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total transaction of $37,392.00. Following the completion of the sale, the chief financial officer now directly owns 271,552 shares of the company’s stock, valued at approximately $4,953,108.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.50% of the company’s stock.

Institutional Trading of Lemonade

A number of institutional investors have recently added to or reduced their stakes in LMND. Mirae Asset Global Investments Co. Ltd. grew its holdings in Lemonade by 8.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,938 shares of the company’s stock valued at $1,853,000 after purchasing an additional 9,107 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in Lemonade during the first quarter worth about $214,000. GSA Capital Partners LLP purchased a new stake in shares of Lemonade in the first quarter valued at about $3,100,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lemonade in the first quarter valued at approximately $477,000. Finally, Headlands Technologies LLC purchased a new position in shares of Lemonade during the 1st quarter worth approximately $231,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Lemonade Stock Performance

Shares of LMND stock opened at $25.05 on Friday. The stock’s 50-day simple moving average is $18.21 and its 200-day simple moving average is $17.77. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -8.24 and a beta of 1.68. Lemonade has a fifty-two week low of $13.72 and a fifty-two week high of $25.98.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share for the quarter, beating the consensus estimate of ($1.02) by $0.07. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The business had revenue of $136.60 million for the quarter, compared to the consensus estimate of $129.10 million. During the same quarter in the previous year, the business earned ($0.88) EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, equities analysts forecast that Lemonade will post -3.03 earnings per share for the current year.

About Lemonade

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. 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.