Lemonade Inc [LMND] stock is trading at $20.03, up 11.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The LMND shares have gain 13.36% over the last week, with a monthly amount glided 20.23%, and seem to be holding up well over a long-time horizon.
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On 7, February 2024, Lemonade To Announce Fourth Quarter 2023 Financial Results. In a post published today on Yahoo Finance, Lemonade, Inc. (NYSE: LMND) today announced it will release its fourth quarter 2023 financial results on Tuesday, February 27, 2024 after market close. Lemonade will host a conference call the following day, Wednesday, February 28, 2024 at 8:00 am Eastern time (5:00 am Pacific time) to discuss the results.
From an analyst’s perspective:
Lemonade Inc [NYSE: LMND] stock has seen the most recent analyst activity on January 10, 2024, when TD Cowen initiated its Market Perform rating and assigned the stock a price target of $17. Previously, Oppenheimer downgraded its rating to Perform on December 01, 2023. On June 20, 2023, Morgan Stanley initiated with a Underweight rating and assigned a price target of $14 on the stock. BMO Capital Markets started tracking the stock assigning a Underperform rating and suggested a price target of $10 on January 20, 2023. Keefe Bruyette initiated its recommendation with a Mkt Perform and recommended $24 as its price target on November 17, 2022. Piper Sandler downgraded its rating to Neutral for this stock on July 18, 2022, and downed its price target to $20. In a note dated November 19, 2021, Jefferies initiated an Underperform rating and provided a target price of $49 on this stock.
Lemonade Inc [LMND] stock has fluctuated between $10.27 and $24.81 over the past year. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Lemonade Inc [NYSE: LMND] shares were valued at $20.03 at the most recent close of the market. An investor can expect a potential drop of -5.14% based on the average LMND price forecast.
Analyzing the LMND fundamentals
Lemonade Inc [NYSE:LMND] reported sales of 333.60M for the trailing twelve months, which represents a growth of 71.28%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.49 points at the first support level, and at 16.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.88, and for the 2nd resistance point, it is at 21.73.
Lemonade Inc [LMND] reported earnings per share of -$0.88 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.94/share, meaning a difference of $0.06 and a surprise factor of 6.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.97 per share as compared to estimates of -$1.03 per share, a difference of $0.06 representing a surprise of 5.80%.
Ratios To Look Out For
For context, Lemonade Inc’s Current Ratio is 4.35. Considering the valuation of this stock, the price to sales ratio is 4.20, the price to book ratio is 1.93.
Transactions by insiders
Recent insider trading involved Peters John Sheldon, Chief Insurance Officer, that happened on Jul 17 when 5000.0 shares were sold. Chief Financial Officer, BIXBY TIMOTHY E completed a deal on Jun 05 to sell 1474.0 shares. Meanwhile, Chief Insurance Officer Peters John Sheldon sold 538.0 shares on Jun 05.
