Lemonade (NYSE:LMND) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Lemonade (NYSE:LMND) released its earnings results on Tuesday. The company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.19, Zacks reports. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. Lemonade updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Lemonade Stock Performance

Shares of LMND traded down $2.53 during trading hours on Tuesday, hitting $32.18. The stock had a trading volume of 4,860,543 shares, compared to its average volume of 1,976,548. The firm has a 50-day moving average price of $35.64 and a 200 day moving average price of $29.05. Lemonade has a fifty-two week low of $14.03 and a fifty-two week high of $53.85. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of -10.58 and a beta of 2.15.

Insider Activity at Lemonade

In other news, insider John Sheldon Peters sold 28,985 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $38.67, for a total transaction of $1,120,849.95. Following the completion of the transaction, the insider now directly owns 69,508 shares of the company’s stock, valued at $2,687,874.36. This represents a 29.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Softbank Group Capital Ltd sold 719,815 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $44.29, for a total value of $31,880,606.35. Following the transaction, the insider now owns 11,263,569 shares in the company, valued at $498,863,471.01. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 769,657 shares of company stock worth $33,868,724. 12.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LMND. JMP Securities lifted their price target on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $23.00 to $42.00 in a research report on Wednesday, November 20th. BMO Capital Markets boosted their target price on Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods downgraded shares of Lemonade from a “market perform” rating to an “underperform” rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Thursday, November 7th. Finally, Piper Sandler increased their price objective on Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.67.

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.