Lemonade (NYSE:LMND) Sets New 1-Year High – Here’s What Happened

Lemonade, Inc. (NYSE:LMND) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $83.77 and last traded at $78.6440, with a volume of 1580349 shares changing hands. The stock had previously closed at $79.14.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LMND shares. Cantor Fitzgerald upgraded shares of Lemonade to a “strong-buy” rating in a research note on Wednesday, August 13th. Piper Sandler reduced their price target 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. BMO Capital Markets upped their price objective on Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a research note on Monday, August 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Lemonade has an average rating of “Reduce” and an average price target of $48.67.

Lemonade Stock Performance

The stock’s fifty day moving average price is $56.27 and its 200-day moving average price is $46.38. The firm has a market cap of $5.63 billion, a PE ratio of -31.57 and a beta of 2.27.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.21. The business had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $185.06 million. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The company’s revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.95) EPS. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John Sheldon Peters sold 2,718 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total value of $136,824.12. Following the sale, the insider directly owned 102,397 shares in the company, valued at $5,154,664.98. The trade was a 2.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.50% of the stock is owned by company insiders.

Institutional Trading of Lemonade

Several institutional investors and hedge funds have recently modified their holdings of LMND. Bayforest Capital Ltd purchased a new position in shares of Lemonade during the 3rd quarter worth approximately $25,000. SVB Wealth LLC acquired a new stake in Lemonade during the 1st quarter valued at $26,000. NewEdge Advisors LLC purchased a new position in Lemonade during the first quarter worth $35,000. Hollencrest Capital Management purchased a new position in Lemonade during the first quarter worth $41,000. Finally, Estabrook Capital Management acquired a new position in shares of Lemonade in the second quarter worth $44,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

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.