Lemonade (LMND) to Release Quarterly Earnings on Tuesday

Lemonade (NYSE:LMND) is anticipated 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 register for the company’s conference call can do so using this link.

Lemonade Trading Down 5.3 %

Shares of Lemonade stock opened at $33.33 on Friday. The stock has a 50 day moving average of $35.82 and a 200 day moving average of $28.82. Lemonade has a 12 month low of $14.03 and a 12 month high of $53.85. The firm has a market cap of $2.38 billion, a PE ratio of -10.96 and a beta of 2.15.

Insider Transactions at Lemonade

In other news, major shareholder Softbank Group Capital Ltd sold 7,067 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $43.02, for a total value of $304,022.34. Following the sale, the insider now directly owns 10,699,211 shares in the company, valued at approximately $460,280,057.22. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Sheldon Peters sold 1,790 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $45.50, for a total value of $81,445.00. Following the completion of the sale, the insider now owns 88,493 shares in the company, valued at approximately $4,026,431.50. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 769,657 shares of company stock worth $33,868,724. 12.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LMND has been the subject of a number of research reports. Piper Sandler increased 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. Morgan Stanley raised Lemonade from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. BMO Capital Markets raised their price objective on Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods lowered Lemonade from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $18.00 to $21.00 in a research note on Thursday, November 7th. Finally, JMP Securities raised their price objective on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Three investment 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’s stock. Based on data from MarketBeat, the stock has a consensus 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.