Lemonade Inc [LMND] stock prices are up 3.28% to $16.68 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LMND shares have gain 2.71% over the last week, with a monthly amount drifted -3.30%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, Lemonade Announces Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Lemonade, Inc. (NYSE: LMND) has released its fourth quarter and full year 2023 financial results by posting them to its website. Please view the Q4 2023 financial results in the Letter to Shareholders on the company’s investor relations website.
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.
The stock price of Lemonade Inc [LMND] has been fluctuating 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 $16.68 at the most recent close of the market. An investor can expect a potential return of 13.91% based on the average LMND price forecast.
Analyzing the LMND fundamentals
The Lemonade Inc [NYSE:LMND] reported sales of 360.00M for trailing twelve months, representing a surge of 37.34%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.47%, Pretax Profit Margin comes in at -0.57%, and Net Profit Margin reading is -0.58%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.31 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 16.10 points at the first support level, and at 15.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.03, and for the 2nd resistance point, it is at 17.37.
Lemonade Inc [LMND] reported earnings per share of -$0.61 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.8/share, meaning a difference of $0.19 and a surprise factor of 23.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.88 per share as compared to estimates of -$0.94 per share, a difference of $0.06 representing a surprise of 6.40%.
Ratios To Look Out For
It’s worth pointing out that Lemonade Inc [NYSE:LMND]’s Current Ratio is 4.08. Considering the valuation of this stock, the price to sales ratio is 3.25, the price to book ratio is 1.65.
Transactions by insiders
Recent insider trading involved Prosor Maya, Chief Business Officer, that happened on Mar 11 ’24 when 290.0 shares were sold. Chief Financial Officer, BIXBY TIMOTHY E completed a deal on Mar 06 ’24 to buy 10000.0 shares. Meanwhile, Chief Financial Officer BIXBY TIMOTHY E sold 2161.0 shares on Mar 05 ’24.
