Lemonade (LMND) to Release Quarterly Earnings on Tuesday

Lemonade (NYSE:LMND) is projected to announce its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.61) per share and revenue of $144.78 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Lemonade Trading Down 2.8 %

Shares of Lemonade stock opened at $36.11 on Tuesday. The firm has a market capitalization of $2.58 billion, a P/E ratio of -11.88 and a beta of 2.15. The business has a fifty day simple moving average of $36.27 and a two-hundred day simple moving average of $28.35. Lemonade has a 12 month low of $14.03 and a 12 month high of $53.85.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Lemonade news, insider John Sheldon Peters sold 28,985 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 69,508 shares in the company, valued at $2,687,874.36. The trade was a 29.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Softbank Group Capital Ltd sold 719,815 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 11,263,569 shares of the company’s stock, valued at approximately $498,863,471.01. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 823,301 shares of company stock worth $36,550,924. 12.50% of the stock is owned by corporate 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.