Lemonade (NYSE:LMND) Trading Up 1.4%

Lemonade, Inc. (NYSE:LMNDGet Rating)’s stock price was up 1.4% during mid-day trading on Friday . The company traded as high as $21.34 and last traded at $20.87. Approximately 16,720 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 1,007,161 shares. The stock had previously closed at $20.59.

Analyst Ratings Changes

Several research firms have recently issued reports on LMND. Barclays raised their price objective on Lemonade from $20.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 10th. Oppenheimer lifted their price target on Lemonade from $30.00 to $35.00 in a report on Wednesday, August 10th. Credit Suisse Group dropped their price objective on shares of Lemonade to $14.00 in a research note on Friday, July 22nd. Finally, Piper Sandler raised their target price on shares of Lemonade from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.29.

Lemonade Stock Performance

The company has a market capitalization of $1.45 billion, a PE ratio of -4.52 and a beta of 1.60. The business has a fifty day moving average price of $23.33 and a 200 day moving average price of $22.23.

Lemonade (NYSE:LMNDGet Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported ($1.10) EPS for the quarter, beating the consensus estimate of ($1.35) by $0.25. Lemonade had a negative net margin of 163.39% and a negative return on equity of 29.43%. The firm had revenue of $50.00 million for the quarter, compared to analyst estimates of $47.56 million. During the same quarter last year, the firm posted ($0.90) earnings per share. Lemonade’s revenue for the quarter was up 77.3% compared to the same quarter last year. Research analysts forecast that Lemonade, Inc. will post -4.82 earnings per share for the current fiscal year.

Institutional Trading of Lemonade

A number of institutional investors have recently added to or reduced their stakes in LMND. MetLife Investment Management LLC purchased a new position in Lemonade in the first quarter valued at about $25,000. DeDora Capital Inc. acquired a new stake in shares of Lemonade in the first quarter valued at about $27,000. Tyler Stone Wealth Management purchased a new stake in shares of Lemonade during the 4th quarter valued at about $29,000. Nauset Wealth Management. LLC acquired a new position in Lemonade during the 1st quarter worth approximately $32,000. Finally, Captrust Financial Advisors boosted its holdings in Lemonade by 91.7% in the 2nd quarter. Captrust Financial Advisors now owns 1,909 shares of the company’s stock worth $35,000 after acquiring an additional 913 shares during the period. 48.60% of the stock is owned by hedge funds and other institutional investors.

Lemonade Company Profile

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Lemonade, Inc provides various insurance products in the United States and Europe. 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. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies.

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