Piper Sandler Sticks to Its Hold Rating for Lemonade (LMND)
Piper Sandler analyst John Barnidge maintained a Hold rating on Lemonade today and set a price target of $65.00.
Claim 30% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Barnidge covers the Financial sector, focusing on stocks such as Lemonade, Assurant, and Principal Financial. According to TipRanks, Barnidge has an average return of 6.5% and a 55.97% success rate on recommended stocks.
In addition to Piper Sandler, Lemonade also received a Hold from TD Cowen’s Andrew Kligerman in a report issued on March 19. However, on March 17, Morgan Stanley upgraded Lemonade (NYSE: LMND) to a Buy.
Based on Lemonade’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $228.1 million and a GAAP net loss of $21.7 million. In comparison, last year the company earned a revenue of $148.8 million and had a GAAP net loss of $30 million
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LMND in relation to earlier this year. Earlier this month, Timothy Bixby, the CFO of LMND sold 2,135.00 shares for a total of $107,006.20.
Read More on LMND:
