And insurance technology company Lemonade (NYSE: LMND) was underperforming, with shares down by more than 4%, despite trading higher earlier in the day.There isn't any company-specific news driving today's move. Rather, it appears to be fueled by general market weakness and interest rate fears.Image source: Getty Images.Continue reading
Why did Lemonade stock fall Wednesday morning?
Oct 19, 2021 · Instead, the main force driving Lemonade's stock lower is an analyst's note. Specifically, an analyst from Barclays (BCS-1.05%) lowered …
What's driving Lemonade stock lower?
Jan 18, 2022 · Unfortunately, both sectors were doing poorly today and Lemonade got squeezed as a result. Image source: Getty Images. Technology stocks were falling today as Treasury bond yields climbed higher ...
Should you buy lemonade stock for what it's worth?
May 12, 2021 · Lemonade Stock Is Falling After Earnings. February’s Freeze in Texas Didn’t Help. The Texas winter storm in February that knocked out power for many in …
How much of the insurance industry could be disrupted by lemonade?
Jan 13, 2022 · There are two potential explanations for Lemonade's poor stock performance today. First, while analysts at Piper Sandler kept their overweight rating on Lemonade, they lowered their price target ...
Will Lemonade stock ever recover?
Should I hold onto Lemonade stock?
Is LMND a buy now?
How high will LMND stock go?
The 8 analysts offering 12-month price forecasts for Lemonade Inc have a median target of 29.50, with a high estimate of 56.00 and a low estimate of 19.00. The median estimate represents a +55.76% increase from the last price of 18.94.
What Makes Lemonade Stock Worth It?
Financial technology is undergoing massive changes in the digital economy. As people become increasingly involved with their mobile phones, accessing everything from food delivery to banking on their tiny screens, there will be greater pushes for convenient user experiences on their devices.
When to Buy Lemonade Stock
Lemonade competes with companies like GoHealth Inc. (NASDAQ: GOCO) and Root Inc. (NASDAQ: ROOT) for the mobile insurance pie.
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How much did lemonade lose in Q1?
Investors should also pay more attention to Lemonade's ballooning loss profile. While in-force premium grew 89% y/y in Q1 to $251.7 million, due to the heavier proportion ceded to reinsurance in FY21 versus the prior year, Lemonade's actual revenue actually shrunk -10% y/y to $23.5 million.
Does lemonade have car insurance?
Lemonade continues to bleed large losses as the company aggressively expands its business. The company has added car insurance to its sprawling collection of products, which also recently added term life and pet insurance. The company's sales and marketing expenses are growing faster than its premium and its revenue.
Is insurance complex?
First, insurance is complex, not easy to understand and uses a language very different than general businesses (interesting to see LMND use metrics like gross margin which are meaningless in insurance). Insurance, like all financial services companies is about the balance sheet, not the P&L which is all accruals.
Who is Gary Alexander?
With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.
