Lemonade, Inc. (NYSE:LMND) Receives $48.67 Average PT from Analysts

Lemonade, Inc. (NYSE:LMND) has earned a consensus rating of “Reduce” from the seven brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $48.6667.

A number of research firms have recently commented on LMND. BMO Capital Markets raised their price objective on shares of Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a research report on Monday, August 18th. Piper Sandler cut their price objective on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Morgan Stanley upped their target price on shares of Lemonade from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald raised shares of Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th.

Insiders Place Their Bets

In related news, COO Adina Eckstein sold 5,988 shares of Lemonade stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $78.00, for a total transaction of $467,064.00. Following the completion of the transaction, the chief operating officer directly owned 227,987 shares of the company’s stock, valued at approximately $17,782,986. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction, the insider owned 102,397 shares in the company, valued at approximately $5,154,664.98. The trade was a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 48,988 shares of company stock valued at $3,538,884. 14.70% of the stock is owned by corporate insiders.

Institutional Trading of Lemonade

A number of institutional investors have recently bought and sold shares of LMND. Analyst IMS Investment Management Services Ltd. increased its holdings in shares of Lemonade by 80.7% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 571,768 shares of the company’s stock valued at $25,049,000 after acquiring an additional 255,368 shares during the period. Mandatum Life Insurance Co Ltd purchased a new stake in shares of Lemonade in the second quarter valued at about $202,000. Caxton Associates LLP acquired a new stake in shares of Lemonade during the first quarter worth about $1,455,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Lemonade by 14.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 281,724 shares of the company’s stock valued at $12,342,000 after acquiring an additional 35,648 shares during the period. Finally, Corton Capital Inc. acquired a new position in Lemonade in the 2nd quarter valued at about $236,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Lemonade Trading Up 0.7%

NYSE:LMND opened at $70.46 on Thursday. The stock’s 50-day moving average is $57.60 and its 200-day moving average is $47.16. The stock has a market cap of $5.27 billion, a P/E ratio of -29.48 and a beta of 2.27. Lemonade has a 1-year low of $24.31 and a 1-year high of $83.77.

Lemonade (NYSE:LMND) last issued 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. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The firm had revenue of $194.50 million during the quarter, compared to the consensus estimate of $185.06 million. During the same period last year, the business posted ($0.95) EPS. The business’s revenue was up 42.4% compared to the same quarter last year. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that Lemonade will post -3.03 EPS 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.