Analysts Set Lemonade, Inc. (NYSE:LMND) Price Target at $48.00

Lemonade, Inc. (NYSE:LMND) has received an average recommendation of “Reduce” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $48.00.

A number of brokerages have recently weighed in on LMND. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $26.00 price objective (up from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. Cantor Fitzgerald upgraded shares of Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Piper Sandler lowered their price objective on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a report on Wednesday, October 8th.

Insider Buying and Selling

In related news, insider John Sheldon Peters sold 2,718 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total transaction of $136,824.12. Following the completion of the sale, the insider directly owned 102,397 shares in the company, valued at $5,154,664.98. This represents a 2.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Adina Eckstein sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total transaction of $245,000.00. Following the sale, the chief operating officer owned 189,653 shares of the company’s stock, valued at $9,292,997. This represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,000 shares of company stock valued at $396,020. Company insiders own 14.70% of the company’s stock.

Institutional Investors Weigh In On Lemonade

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in Lemonade by 93.3% during the 3rd quarter. SG Americas Securities LLC now owns 32,129 shares of the company’s stock valued at $1,720,000 after buying an additional 15,510 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in Lemonade by 10.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 12,200 shares of the company’s stock valued at $653,000 after buying an additional 1,200 shares during the last quarter. Watershed Private Wealth LLC raised its holdings in Lemonade by 4.9% during the 3rd quarter. Watershed Private Wealth LLC now owns 8,170 shares of the company’s stock valued at $437,000 after buying an additional 380 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Lemonade by 85.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 22,800 shares of the company’s stock valued at $1,220,000 after buying an additional 10,500 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. raised its holdings in Lemonade by 8.1% during the 3rd quarter. Analyst IMS Investment Management Services Ltd. now owns 617,878 shares of the company’s stock valued at $33,075,000 after buying an additional 46,110 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

Lemonade Price Performance

LMND stock opened at $51.24 on Friday. Lemonade has a one year low of $17.91 and a one year high of $62.00. The stock has a market cap of $3.79 billion, a PE ratio of -18.10 and a beta of 2.24. The firm has a 50 day simple moving average of $53.46 and a two-hundred day simple moving average of $42.53.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.60) EPS for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.21. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. The business had revenue of $164.10 million during the quarter, compared to analysts’ expectations of $160.88 million. During the same quarter in the previous year, the company earned ($0.81) EPS. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that Lemonade will post -3.03 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.