Lemonade (LMND) Expected to Announce Earnings on Tuesday

Lemonade (NYSE:LMND - Get Free Report) is projected to issue its quarterly earnings data 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. Parties that wish to listen to the company's conference call can do so using this link.

Lemonade Stock Down 5.3 %

Shares of NYSE:LMND traded down $1.88 during trading on Friday, hitting $33.33. 2,061,779 shares of the stock traded hands, compared to its average volume of 1,879,204. 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 company has a fifty day moving average price of $35.82 and a two-hundred day moving average price of $28.72. Lemonade has a 52-week low of $14.03 and a 52-week high of $53.85.

Insider Transactions at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 28,985 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $38.67, for a total value of $1,120,849.95. Following the transaction, the insider now owns 69,508 shares of the company's stock, valued at $2,687,874.36. This represents a 29.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Softbank Group Capital Ltd sold 719,815 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $44.29, for a total transaction of $31,880,606.35. Following the sale, the insider now owns 11,263,569 shares in the company, valued at $498,863,471.01. This trade represents a 6.01 % 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 corporate insiders.

Remove Ads

Wall Street Analysts Forecast Growth

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

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.