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Wednesday, March 22, 2023

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

After Hours

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. After-hours trades for Lemonade Inc. (LMND) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.15%, to $13.76. The Lemonade Inc. has recorded 13,050 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Lemonade Announces Fourth Quarter and Full Year 2022 Financial Results.


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Stocks Info

Lemonade Inc. is listed on the NYSE in the Financial sector while operating in the Insurance – Property & Casualty industry. At the end of the last regular session, the stock closed at $13.78 and fluctuated between $14.69 as its day high and $13.72 as its day low. The current market capitalization of Lemonade Inc. is $912.10M. A total of 1.06 million shares were traded on the day, compared to an average of 1.15M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, LMND has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 182,000 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 1 SELLs from insiders. Insiders purchased 215,978 shares during that period but sold 4,265.

In the most recent transaction, BIXBY TIMOTHY E sold 1,945 shares of LMND for 14.94 per share on Mar 07. After the transaction, the Chief Financial Officer now owns 270,055 company shares. In a previous transaction on Mar 07, Peters John Sheldon sold 663 shares at 14.94 per share. LMND shares that Chief Insurance Officer owns now total 48,322.

Among the insiders who sold shares, Peters John Sheldon disposed of 4,265 shares on Nov 01 at a per-share price of $25.00. This resulted in the Chief Insurance Officer holding 8,985 shares of LMND after the transaction. In another insider transaction, Eisenberg Michael A sold 7,500 shares at $21.61 per share on Mar 17. Company shares held by the Director now total 106,670.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for LMND in the last 3 months, the mean price target is $18.50 with high estimates of $40.00 and low estimates of $10.00. In terms of 52-week highs and lows, LMND has a high of $32.97 and a low of $12.82.

As of this writing, LMND has an earnings estimate of -$1.2 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$1.1 per share and a lower estimate of -$1.33. The company reported an EPS of -$1.1 in the last quarter, which was 16.70% higher than expectations of -$1.32.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 12 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 4 thought it should be Sold.

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