Lemonade (LMND) Scheduled to Post Earnings on Monday

Lemonade (NYSE:LMNDGet Rating) is set to issue its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of ($1.35) per share for the quarter. Lemonade has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Lemonade (NYSE:LMNDGet Rating) last released its earnings results on Monday, May 9th. The company reported ($1.21) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.22. Lemonade had a negative net margin of 179.02% and a negative return on equity of 26.38%. The firm had revenue of $44.30 million during the quarter, compared to analyst estimates of $43.25 million. During the same quarter in the previous year, the business earned ($0.81) EPS. The business’s quarterly revenue was up 88.5% compared to the same quarter last year. On average, analysts expect Lemonade to post $-5 EPS for the current fiscal year and $-5 EPS for the next fiscal year.

Lemonade Stock Performance

LMND opened at $18.85 on Monday. The company has a fifty day moving average price of $19.66 and a two-hundred day moving average price of $23.18. Lemonade has a 52 week low of $15.99 and a 52 week high of $91.35. The firm has a market capitalization of $1.16 billion, a PE ratio of -4.35 and a beta of 1.97.

Institutional Investors Weigh In On Lemonade

Several institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC bought a new stake in Lemonade in the 1st quarter valued at $25,000. Geneos Wealth Management Inc. lifted its position in Lemonade by 592.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,565 shares of the company’s stock worth $94,000 after buying an additional 3,050 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lemonade by 2.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 196,482 shares of the company’s stock worth $5,182,000 after buying an additional 5,176 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Lemonade by 56.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,960 shares of the company’s stock worth $685,000 after buying an additional 9,369 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Lemonade during the 1st quarter worth about $292,000. 58.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Oppenheimer decreased their price target on shares of Lemonade from $45.00 to $30.00 in a report on Wednesday, May 11th. Credit Suisse Group decreased their price target on shares of Lemonade to $14.00 in a report on Friday, July 22nd. JMP Securities decreased their price target on shares of Lemonade from $95.00 to $40.00 in a report on Wednesday, May 11th. Finally, Piper Sandler lowered shares of Lemonade from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $24.00 to $20.00 in a report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.00.

About Lemonade

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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.

See Also

Earnings History for Lemonade (NYSE:LMND)

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