Streetbeat News

LMND

Lemonade, Inc.

https://www.lemonade.com

Industry

Insurance - Property & Casualty

Lemonade, Inc. provides various insurance products in the United States and Europe. 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. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies. In addition, it operates as an agent for other insurance companies. The company was formerly known as Lemonade Group, Inc. and changed its name to Lemonade, Inc. Lemonade, Inc. was incorporated in 2015 and is headquartered in New York, New York.

Open

42.88

Mkt cap

3.3B

Volume

8.3M

High

48.15

P/E Ratio

-15.15

52-wk high

48.15

Low

42.48

Div yield

N/A

52-wk low

14.03

Lemonade, Inc. (NYSE:LMND) reported Q3 losses of 88 cents per share, beating the analyst consensus estimate of 94 cents. The company also reported quarterly sales of $114.50 million, beating the analyst consensus estimate of $104.46 million and representing a 54.73% increase over sales of $74 million from the same period last year. The company's shares are trading higher on heavy volume and have grabbed the attention of retail investors and short-sellers.

Portfolio Pulse from Erica Kollmann

November 02, 2023 | 3:06 pm

US stocks traded higher with the Dow Jones index gaining more than 250 points and NASDAQ rising 1.22%. Real estate shares jumped by 2.2%. Initial jobless claims increased by 5,000 to 217,000. Panbela Therapeutics, Rocky Brands, and Lemonade saw their shares rise by 44%, 41%, and 36% respectively. Outlook Therapeutics, Confluent, and Remitly Global saw their shares drop by 45%, 44%, and 29% respectively.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 2:13 pm

Several stocks are moving in pre-market trading. LumiraDx, Cellectis, JAKKS Pacific, Roku, Aware, Fastly, Lemonade, AudioCodes, PayPal, and QUALCOMM are among the gainers, with Roku shares climbing 18.9% after better-than-expected Q3 sales results. Confluent, Remitly Global, Procore Technologies, SolarEdge Technologies, Safe and Green Development Corporation, Werewolf Therapeutics, Revolve Group, Sientra, Envista Holdings Corporation, and Avalon GloboCare are among the losers.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 12:08 pm

US stocks are expected to start strong on Thursday, following the Federal Reserve's decision to pause, which has boosted market optimism. Traders are also anticipating positive earnings reports, including Apple's Q4 report. The decline in bond yields, driven by rising rate-cut expectations, could be viewed favorably by investors. Traders will also be monitoring job market data ahead of Friday’s crucial non-farm payrolls report for September. Several companies including Roku, Fastly, Etsy, Clorox, Lemonade, PayPal, Qualcomm, Starbucks, and Tandem Diabetes Care have seen significant premarket movements following their earnings releases.

Portfolio Pulse from Shanthi Rexaline

November 02, 2023 | 11:19 am

Lemonade (NYSE:LMND) reported Q3 2023 earnings per share (EPS) of $(0.88), beating the analyst consensus estimate of $(0.94) by 6.38%. This is a 35.77% increase over losses from the same period last year. The company also reported quarterly sales of $114.50 million, beating the analyst consensus estimate of $104.46 million by 9.61%. This is a 54.73% increase over sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

November 01, 2023 | 9:08 pm

During Tuesday's intraday session, insurance stocks showed significant movement. Gainers included Cheche Group (CCG), eHealth (EHTH), MBIA (MBI), Lemonade (LMND), RenaissanceRe Holdings (RNR), and CNA Financial (CNA). Losers included FG Finl Gr (FGFPP), Kemper (KMPR), Marpai (MRAI), Citizens (CIA), Trupanion (TRUP), and Maiden Hldgs (MHLD).

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:40 pm

Morgan Stanley analyst Michael Phillips has maintained an Underweight rating on Lemonade (NYSE:LMND) and lowered the price target from $15 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:09 pm

During Tuesday's intraday session, insurance stocks saw significant movement. Gainers included eHealth (EHTH), Lemonade (LMND), Maiden Holdings (MHLD), Citizens (CIA), SelectQuote (SLQT), and Waterdrop (WDH). Losers included Marpai (MRAI), Selective Insurance Group (SIGI), Heritage Insurance Holdings (HRTG), Skyward Specialty (SKWD), American Financial Group (AFG), and Hanover Insurance Group (THG).

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:40 pm

Over the past 3 months, 4 analysts have published their opinion on Lemonade (NYSE:LMND) stock. The average price target is $20.25, implying an upside from the current price of $11.56. This average has increased by 51.91% from the previous average price target of $13.33.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 2:00 pm

BMO Capital's analyst Michael Zaremski has maintained an 'Underperform' rating on Lemonade (NYSE:LMND) and raised the price target from $8 to $9.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:27 pm

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