Analysts Set Lemonade, Inc. (NYSE:LMND) Target Price at $31.00

Lemonade, Inc. (NYSE:LMND - Get Free Report) has received a consensus rating of "Reduce" from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. 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. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $31.00.

Separately, Piper Sandler cut their price target on Lemonade from $44.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th.

Insider Activity at Lemonade

In related news, major shareholder Softbank Group Capital Ltd sold 204,575 shares of Lemonade stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $37.08, for a total transaction of $7,585,641.00. Following the transaction, the insider now directly owns 10,494,636 shares of the company's stock, valued at $389,141,102.88. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Sheldon Peters sold 1,899 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total transaction of $64,167.21. Following the completion of the sale, the insider now owns 87,609 shares in the company, valued at approximately $2,960,308.11. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 248,634 shares of company stock worth $9,219,003 over the last quarter. 12.50% of the stock is currently owned by company insiders.

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Institutional Trading of Lemonade

A number of large investors have recently added to or reduced their stakes in LMND. Intech Investment Management LLC acquired a new stake in shares of Lemonade during the 3rd quarter valued at $264,000. FMR LLC lifted its holdings in shares of Lemonade by 93.0% during the third quarter. FMR LLC now owns 318,321 shares of the company's stock valued at $5,249,000 after purchasing an additional 153,362 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Lemonade in the 3rd quarter valued at $1,571,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Lemonade by 321.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company's stock worth $74,000 after purchasing an additional 3,403 shares in the last quarter. Finally, State Street Corp raised its holdings in Lemonade by 1.2% during the 3rd quarter. State Street Corp now owns 1,233,662 shares of the company's stock worth $20,343,000 after buying an additional 14,028 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Lemonade Price Performance

Shares of NYSE LMND traded down $1.79 during mid-day trading on Wednesday, hitting $28.19. The company had a trading volume of 2,148,905 shares, compared to its average volume of 1,903,838. Lemonade has a 12 month low of $14.03 and a 12 month high of $53.85. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -9.27 and a beta of 2.13. The firm's 50 day simple moving average is $34.36 and its two-hundred day simple moving average is $32.39.

Lemonade (NYSE:LMND - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.19. The company had revenue of $148.80 million for the quarter, compared to analysts' expectations of $144.78 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. Equities analysts forecast that Lemonade will post -3.03 earnings per share for the current 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.