Analysts Set Lemonade, Inc. (NYSE:LMND) PT at $14.25

Shares of Lemonade, Inc. (NYSE:LMND) have been given an average rating of “Reduce” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.25.

Several equities analysts recently commented on LMND shares. TD Cowen started coverage on shares of Lemonade in a research note on Wednesday, January 10th. They set a “market perform” rating and a $17.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of Lemonade from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. Morgan Stanley upped their target price on shares of Lemonade from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Wednesday, February 28th. Finally, Piper Sandler reiterated a “neutral” rating and set a $17.00 target price on shares of Lemonade in a research note on Thursday, February 29th.

Insider Buying and Selling

In other Lemonade news, CFO Timothy E. Bixby purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $16.54 per share, for a total transaction of $165,400.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $165,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lemonade

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Lemonade by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 5,198,212 shares of the company’s stock worth $83,847,000 after purchasing an additional 190,226 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Lemonade by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,413 shares of the company’s stock worth $362,000 after purchasing an additional 896 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Lemonade in the 4th quarter worth about $201,000. Legal & General Group Plc grew its position in Lemonade by 1.1% in the 4th quarter. Legal & General Group Plc now owns 535,683 shares of the company’s stock worth $8,641,000 after purchasing an additional 5,590 shares in the last quarter. Finally, Barclays PLC grew its position in Lemonade by 282.5% in the 4th quarter. Barclays PLC now owns 82,015 shares of the company’s stock worth $1,323,000 after purchasing an additional 60,574 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Stock Up 3.4 %

LMND stock opened at $16.73 on Thursday. The firm has a 50 day moving average of $16.79 and a two-hundred day moving average of $15.75. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -4.91 and a beta of 1.89. Lemonade has a 12 month low of $10.27 and a 12 month high of $24.81.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.79) by $0.18. The business had revenue of $115.50 million during the quarter, compared to the consensus estimate of $111.71 million. Lemonade had a negative net margin of 55.12% and a negative return on equity of 31.29%. Lemonade’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.93) EPS. On average, research analysts expect that Lemonade will post -3.09 EPS for the current fiscal year.

Lemonade Company Profile

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.