Lemonade (NYSE:LMND) PT Raised to $16.00

Lemonade (NYSE:LMND) had its price target increased by research analysts at Jefferies Financial Group from $14.00 to $16.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Jefferies Financial Group’s price objective points to a potential downside of 4.22% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Morgan Stanley upped their price target 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. Keefe, Bruyette & Woods boosted their price objective on Lemonade from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Lemonade in a report on Monday, April 15th. Piper Sandler lifted their target price on Lemonade from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, TD Cowen assumed coverage on shares of Lemonade in a report on Wednesday, January 10th. They issued a “market perform” rating and a $17.00 price target on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.63.

Lemonade Trading Down 4.4 %

Shares of NYSE LMND opened at $16.71 on Tuesday. The stock has a fifty day simple moving average of $16.71 and a two-hundred day simple moving average of $16.55. Lemonade has a 1-year low of $10.27 and a 1-year high of $24.81. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -5.34 and a beta of 1.82.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.67) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $119.10 million for the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter in the prior year, the firm earned ($0.95) EPS. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. Analysts forecast that Lemonade will post -2.96 EPS for the current year.

Insider Buying and Selling

In related news, CFO Timothy E. Bixby bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $16.54 per share, for a total transaction of $165,400.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $165,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Halter Ferguson Financial Inc. bought a new position in shares of Lemonade during the fourth quarter valued at about $6,429,000. GSA Capital Partners LLP bought a new position in shares of Lemonade during the first quarter valued at about $3,100,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lemonade by 28.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 453,015 shares of the company’s stock worth $5,264,000 after purchasing an additional 100,872 shares during the period. Seven Eight Capital LP bought a new stake in shares of Lemonade in the third quarter worth about $704,000. Finally, Cypress Capital Management LLC WY bought a new stake in shares of Lemonade in the fourth quarter worth about $946,000. Institutional investors own 80.30% of the company’s stock.

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.