Analysts Set Lemonade, Inc. (NYSE:LMND) Price Target at $48.00

Lemonade, Inc. (NYSE:LMND) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $48.00.

Several equities research analysts have recently commented on LMND shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research report on Saturday. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $26.00 target price (up from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Cantor Fitzgerald raised shares of Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Piper Sandler decreased their target price on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, October 10th.

Insider Transactions at Lemonade

In other Lemonade news, COO Adina Eckstein sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. Following the completion of the sale, the chief operating officer directly owned 189,653 shares of the company’s stock, valued at approximately $9,292,997. This represents a 2.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Sheldon Peters sold 2,718 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $50.34, for a total transaction of $136,824.12. Following the completion of the sale, the insider directly owned 102,397 shares of the company’s stock, valued at $5,154,664.98. The trade was a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,000 shares of company stock valued at $396,020 over the last ninety days. 14.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lemonade

A number of institutional investors have recently added to or reduced their stakes in LMND. Bayforest Capital Ltd bought a new position in shares of Lemonade during the 3rd quarter valued at approximately $25,000. SVB Wealth LLC bought a new position in shares of Lemonade during the 1st quarter valued at approximately $26,000. NewEdge Advisors LLC bought a new position in shares of Lemonade during the 1st quarter valued at approximately $35,000. Hollencrest Capital Management bought a new position in shares of Lemonade during the 1st quarter valued at approximately $41,000. Finally, Estabrook Capital Management bought a new position in shares of Lemonade during the 2nd quarter valued at approximately $44,000. 80.30% of the stock is owned by institutional investors.

Lemonade Trading Up 1.3%

LMND opened at $52.08 on Friday. Lemonade has a 1-year low of $17.91 and a 1-year high of $62.00. The company has a market cap of $3.85 billion, a P/E ratio of -18.40 and a beta of 2.24. The company has a fifty day moving average price of $53.36 and a two-hundred day moving average price of $42.84.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.60) earnings per share for the quarter, beating the consensus estimate of ($0.81) by $0.21. The firm had revenue of $164.10 million during the quarter, compared to the consensus estimate of $160.88 million. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. The business’s revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.81) earnings per share. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Lemonade will post -3.03 EPS for the current fiscal year.

Lemonade Company Profile

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.