Lemonade (NYSE:LMND) Earns Market Perform Rating from Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods began coverage on shares of Lemonade (NYSE:LMNDGet Rating) in a research note issued to investors on Thursday morning, The Fly reports. The brokerage issued a market perform rating and a $24.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the company. Barclays reduced their price target on Lemonade from $28.00 to $18.00 and set an equal weight rating for the company in a research report on Thursday, November 10th. Oppenheimer reduced their price target on Lemonade to $30.00 in a research report on Tuesday, November 15th. Credit Suisse Group reduced their price target on Lemonade to $14.00 in a research report on Friday, July 22nd. Finally, Piper Sandler reduced their price target on Lemonade from $25.00 to $20.00 and set a neutral rating for the company in a research report on Thursday, November 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $24.86.

Lemonade Price Performance

NYSE:LMND opened at $20.00 on Thursday. The business has a fifty day simple moving average of $22.09 and a two-hundred day simple moving average of $21.62. Lemonade has a 1 year low of $15.99 and a 1 year high of $55.97. The company has a market capitalization of $1.38 billion, a P/E ratio of -4.15 and a beta of 1.47.

Insider Activity at Lemonade

In related news, insider John Sheldon Peters sold 4,265 shares of Lemonade stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $25.00, for a total transaction of $106,625.00. Following the completion of the sale, the insider now owns 8,985 shares of the company’s stock, valued at $224,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 36.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lemonade

Large investors have recently added to or reduced their stakes in the business. MetLife Investment Management LLC bought a new stake in Lemonade during the first quarter worth about $25,000. Captrust Financial Advisors lifted its stake in Lemonade by 91.7% during the second quarter. Captrust Financial Advisors now owns 1,909 shares of the company’s stock worth $35,000 after purchasing an additional 913 shares during the last quarter. Prospera Financial Services Inc bought a new stake in Lemonade during the first quarter worth about $36,000. Great West Life Assurance Co. Can bought a new stake in Lemonade during the third quarter worth about $40,000. Finally, Wipfli Financial Advisors LLC bought a new stake in Lemonade during the third quarter worth about $50,000. Institutional investors own 48.60% of the company’s stock.

About Lemonade

(Get Rating)

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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Analyst Recommendations for Lemonade (NYSE:LMND)

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