Lemonade (LMND) to Release Earnings on Tuesday

Lemonade (NYSE:LMND) is expected to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Lemonade to post earnings of ($0.61) per share and revenue of $144.78 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Lemonade Stock Performance

Shares of LMND opened at $33.33 on Monday. Lemonade has a 1 year low of $14.03 and a 1 year high of $53.85. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -10.96 and a beta of 2.15. The firm has a fifty day moving average of $35.82 and a 200-day moving average of $28.91.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider John Sheldon Peters sold 28,985 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $38.67, for a total value of $1,120,849.95. Following the completion of the transaction, the insider now directly owns 69,508 shares in the company, valued at approximately $2,687,874.36. This represents a 29.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Eisenberg sold 12,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $40.15, for a total value of $481,800.00. Following the completion of the transaction, the director now owns 94,670 shares of the company’s stock, valued at $3,801,000.50. The trade was a 11.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 769,657 shares of company stock valued at $33,868,724 over the last 90 days. 12.50% of the stock is currently owned by company insiders.

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.