Lemonade’s (LMND) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Lemonade (NYSE:LMND) in a report issued on Monday morning, Benzinga reports. JMP Securities currently has a $40.00 price objective on the stock.

LMND has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their price objective on Lemonade from $16.00 to $18.00 and gave the stock a market perform rating in a report on Monday, March 4th. Piper Sandler reiterated a neutral rating and issued a $17.00 price objective on shares of Lemonade in a report on Thursday, February 29th. Morgan Stanley lifted their price objective on Lemonade from $13.00 to $14.00 and gave the stock an underweight rating in a report on Wednesday, February 28th. Finally, TD Cowen started coverage on Lemonade in a report on Wednesday, January 10th. They issued a market perform rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $17.11.

Lemonade Stock Down 1.9 %

NYSE LMND opened at $15.75 on Monday. The stock’s 50-day simple moving average is $16.86 and its two-hundred day simple moving average is $16.01. Lemonade has a twelve month low of $10.27 and a twelve month high of $24.81. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -4.62 and a beta of 1.89.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.18. Lemonade had a negative return on equity of 31.29% and a negative net margin of 55.12%. The business had revenue of $115.50 million for the quarter, compared to the consensus estimate of $111.71 million. During the same quarter last year, the business posted ($0.93) earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. On average, equities analysts expect that Lemonade will post -3.07 earnings per share for the current fiscal year.

Insider Buying and Selling

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 cost of $16.54 per share, with a total value of $165,400.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $165,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.70% of the stock is owned by insiders.

Institutional Trading of Lemonade

Large investors have recently bought and sold shares of the company. MetLife Investment Management LLC bought a new stake in Lemonade during the 1st quarter valued at approximately $25,000. McGlone Suttner Wealth Management Inc. bought a new stake in Lemonade during the 4th quarter valued at approximately $30,000. Captrust Financial Advisors boosted its position in Lemonade by 91.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,909 shares of the company’s stock valued at $35,000 after acquiring an additional 913 shares in the last quarter. Tyler Stone Wealth Management bought a new stake in Lemonade during the 2nd quarter valued at approximately $34,000. Finally, Royal Bank of Canada boosted its position in Lemonade by 28.5% during the 3rd quarter. Royal Bank of Canada now owns 2,536 shares of the company’s stock valued at $54,000 after acquiring an additional 562 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

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.