Is LMND a buy or sell?
Out of 8 analysts, 1 (12.5%) are recommending LMND as a Strong Buy, 2 (25%) are recommending LMND as a Buy, 3 (37.5%) are recommending LMND as a Hold, 2 (25%) are recommending LMND as a Sell, and 0 (0%) are recommending LMND as a Strong Sell. What is LMND's earnings growth forecast for 2022-2024?
Why is share price dropping?
If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall. Understanding supply and demand is easy.
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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.
How many customers does lemonade have?
What's more, Lemonade's customer count is almost 1.1 million, which is impressive considering it had just eclipsed 1 million at the end of 2020. And last but not least, Lemonade increased its full-year revenue guidance range by $3 million at the midpoint. Image source: Getty Images.
Where is Matt from Motley Fool?
Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price.
There are two catalysts potentially driving the stock lower
Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy
What happened
The stock market was largely flat on Thursday, with the S&P 500 index up by about 0.2% as of 12:50 p.m. EST. However, insurance technology disruptor Lemonade ( NYSE:LMND) continued its streak of volatile moves with shares down nearly 11%.
So what
There are two main catalysts for today's move. First, Lemonade recently announced plans to sell 3 million new shares, and the company announced pricing of the offering this morning. Not only did the offering price at $165 per share (the stock closed at nearly $177 on Wednesday), but at 3.3 million shares, it was bigger than expected.
Now what
The tweet by Citron is market noise and isn't terribly material to investors -- especially those with a long-term focus. When stocks quadruple in a few months like Lemonade has, you'll inevitably run into analysts who say the shares are overpriced.
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Why Fastly, Teladoc, and Lemonade Stocks Dipped on Monday
Shares of edge computing specialist Fastly (NYSE: FSLY), telehealth company Teladoc Health (NYSE: TDOC), and insurer Lemonade (NYSE: LMND) all took a hit on Monday. As of 11:05 a.m. EDT, shares of these three companies were down 4.9%, 4.1%, and 1.7%, respectively.
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What does ESG stand for in stock?
The term ESG stands for Environmental, Social, and Governance. It is a new fad among institutional investors to broaden their scope to have other goals than just the profit motive. The problem with LMND stock, according to The Friendly Bear, is that Lemonade could not get an IPO done in 2019.
Does Lemonade have underwriting?
Lemonade does not seem to have faith in its own underwriting capabilities . According to The Friendly Bear, Lemonade “quietly reinsured the entire book of its business at the time of its IPO.”
Is lemonade a scam?
So Lemonade created a “quasi for-profit social impact company” and promised to give away “up to 40%” of “unpaid money” to charity. The scam, according to the short-seller, is that actually charity given out is only about 3% of unclaimed premiums. They claim that Lemonade is an egregious stock promotion disguised as a social impact company.
