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Wednesday, February 1, 2023

Investors’ Patience Is Being Tested Right Now By Lemonade Inc. (NYSE: LMND)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Lemonade Inc. (LMND) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.13, or 0.79%, to $16.64. The Lemonade Inc. has recorded 11,957 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Lemonade Car Launches in Texas.

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Stocks Info

Lemonade Inc. is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Property & Casualty industry. At the end of the last regular session, the stock closed at $16.51 and fluctuated between $16.62 as its day high and $14.87 as its day low. The current market capitalization of Lemonade Inc. is $1.16B. A total of 1.3 million shares were traded on the day, compared to an average of 962.42K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, LMND has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 13,250 and the disposition of 4,265 shares. Over the last 12 months, there were 5 BUYs and 2 SELLs from insiders. Insiders purchased 33,978 shares during that period but sold 14,802.

In the most recent transaction, Peters John Sheldon sold 4,265 shares of LMND for 25.00 per share on Nov 01. After the transaction, the Chief Insurance Officer now owns 8,985 company shares. In a previous transaction on Mar 17, Eisenberg Michael A sold 7,500 shares at 21.61 per share. LMND shares that Director owns now total 106,670.

Among the insiders who sold shares, Eisenberg Michael A disposed of 5,000 shares on Mar 16 at a per-share price of $20.32. This resulted in the Director holding 114,170 shares of LMND after the transaction. In another insider transaction, Peters John Sheldon sold 10,537 shares at $33.05 per share on Jan 19. Company shares held by the Chief Insurance Officer now total 0.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LMND in the last 3 months, the mean price target is $21.50 with high estimates of $40.00 and low estimates of $11.50. In terms of 52-week highs and lows, LMND has a high of $39.65 and a low of $12.82.

As of this writing, LMND has an earnings estimate of -$1.32 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.98 per share and a lower estimate of -$1.51. The company reported an EPS of -$1.21 in the last quarter, which was 15.40% higher than expectations of -$1.43.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LMND is Hold with a score of 3.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 3 thought it should be Sold.

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