Q2 2024 EPS Estimates for Lemonade, Inc. (NYSE:LMND) Increased by Analyst

Lemonade, Inc. (NYSE:LMND) – Equities research analysts at William Blair raised their Q2 2024 EPS estimates for shares of Lemonade in a report released on Wednesday, May 1st. William Blair analyst A. Klauber now expects that the company will post earnings per share of ($0.88) for the quarter, up from their prior forecast of ($0.89). The consensus estimate for Lemonade’s current full-year earnings is ($2.96) per share. William Blair also issued estimates for Lemonade’s Q4 2024 earnings at ($0.65) EPS, FY2024 earnings at ($3.06) EPS and FY2025 earnings at ($2.64) EPS.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.67) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.14. Lemonade had a negative return on equity of 30.30% and a negative net margin of 48.14%. The company had revenue of $119.10 million during the quarter, compared to the consensus estimate of $114.13 million. During the same period in the prior year, the company earned ($0.95) earnings per share. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley increased their target price on shares of Lemonade from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Wednesday, February 28th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Lemonade in a research note on Monday, April 15th. Keefe, Bruyette & Woods increased their price objective on Lemonade from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Piper Sandler boosted their target price on Lemonade from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, TD Cowen started coverage on shares of Lemonade in a report on Wednesday, January 10th. They set a “market perform” rating and a $17.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Lemonade presently has an average rating of “Hold” and a consensus price target of $17.88.

Lemonade Stock Up 3.2 %

Shares of NYSE:LMND opened at $17.94 on Monday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -5.73 and a beta of 1.82. Lemonade has a 12 month low of $10.27 and a 12 month high of $24.81. The company’s fifty day simple moving average is $16.80 and its 200 day simple moving average is $16.51.

Institutional Trading of Lemonade

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Lemonade by 1.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,831 shares of the company’s stock worth $1,675,000 after acquiring an additional 1,123 shares in the last quarter. Van ECK Associates Corp grew its position in Lemonade by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 21,203 shares of the company’s stock worth $246,000 after purchasing an additional 1,349 shares in the last quarter. Swiss National Bank increased its stake in Lemonade by 1.2% in the 3rd quarter. Swiss National Bank now owns 114,500 shares of the company’s stock valued at $1,330,000 after buying an additional 1,400 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Lemonade by 48.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,343 shares of the company’s stock worth $50,000 after buying an additional 1,409 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Lemonade during the 4th quarter valued at $30,000. Institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other Lemonade news, CFO Timothy E. Bixby bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $16.54 per share, for a total transaction of $165,400.00. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $165,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.50% of the company’s stock.

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.