The company's stock has been falling for months, and it was a victim of the broader tech stock sell-off and market volatility that continued into January. So what Lemonade disappointed investors in 2021.
Why did Lemonade stock fall 24% in January?
Mar 04, 2021 · Shares of Lemonade ( LMND -8.34% ) fell 7% on Thursday, extending the sharp decline in the artificial intelligence (AI)-powered insurance company's stock price since its fourth-quarter earnings...
Should you get rid of lemonade stock now?
Aug 06, 2021 · But the company posted a widening net loss of $55.6 million, or $0.90 per diluted share, which sent the stock tumbling after hours. In fact, shares of Lemonade are now down 7.4% week to date as of...
Will Lemonade end up at a negative enterprise value?
Feb 03, 2022 · Shares of digital insurance company Lemonade ( LMND 1.04% ) fell 24% in January according to data provided by S&P Global Market Intelligence. The company's stock has been falling for months, and it...
Is Lemonade Inc (lmnd-N) a buy or sell?
Nov 30, 2021 · And insurance technology company Lemonade ( LMND-8.34%) was underperforming, with shares down by more than 4%, despite trading higher earlier in the day. So what There isn't any company-specific ...
Will Lemonade stock ever recover?
If Lemonade continues to see the rapid adoption it saw in 2021 from customers as it continues to expand across the U.S., this net loss could decrease. On the flip side, if the net loss continues to stay high, that could keep the stock from bouncing back in 2022.Jan 17, 2022
Is Lemonade still a good stock?
Lemonade has fallen tremendously but remains a divisive stock for investors. Insurance technology company Lemonade ( LMND 1.04% ) has left a sour taste in the mouths of investors, with its stock falling 80% over the past year to around $32 at recent prices.Feb 1, 2022
Is lemonade stock a buy or sell?
Is Lemonade a buy right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lemonade in the last year. There are currently 2 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Lemonade stock.
Is MetroMile a buy?
Metromile has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
This tech-powered insurance company reported relatively solid earnings, but it wasn't good enough for Wall Street
Trevor primarily covers tech and financials, with a particular interest in artificial intelligence, blockchain, and other innovative technologies. He grew up in Ohio and later moved to the Pacific coast. In his free time, Trevor enjoys reading, traveling, stargazing, health, and fitness.
What happened
Lemonade ( NYSE:LMND) released its second-quarter earnings report on Wednesday after the market closed. Revenue came in at $28.2 million, slightly ahead of Wall Street's expectations. But the company posted a widening net loss of $55.6 million, or $0.90 per diluted share, which sent the stock tumbling after hours.
So what
Despite Wall Street's reaction, Lemonade's latest earnings report shows promise. In-force premiums (IFP), the annualized sum of all customer premiums, accelerated for the second consecutive quarter, jumping 91% to $297 million, showing robust demand. And Lemonade's customer count hit 1.2 million, up 48% from the prior year.
Now what
For what it's worth, I am a Lemonade shareholder and I remain bullish on this company. It's never fun to watch a stock drop 7% in one week, but those types of swings are unavoidable with unprofitable tech companies.
