Lemonade (NYSE:LMND) Posts Earnings Results, Beats Estimates By $0.19 EPS

Lemonade (NYSE:LMND) posted its earnings results on Tuesday. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.19, Zacks reports. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The firm had revenue of $148.80 million during the quarter, compared to analyst estimates of $144.78 million. Lemonade updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Lemonade Stock Performance

Shares of LMND opened at $27.36 on Wednesday. The company has a 50-day simple moving average of $35.42 and a 200-day simple moving average of $29.17. Lemonade has a 52 week low of $14.03 and a 52 week high of $53.85. The firm has a market capitalization of $1.95 billion, a P/E ratio of -9.07 and a beta of 2.15.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, major shareholder Softbank Group Capital Ltd sold 719,815 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $44.29, for a total value of $31,880,606.35. Following the completion of the transaction, the insider now directly owns 11,263,569 shares in the company, valued at approximately $498,863,471.01. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Sheldon Peters sold 28,985 shares of Lemonade stock in a transaction on 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 sale, the insider now owns 69,508 shares in the company, valued at $2,687,874.36. This represents a 29.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 769,657 shares of company stock valued at $33,868,724 over the last three months. 12.50% of the stock is owned by corporate insiders.

About Lemonade

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.