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.
Is lemonade stock headed to $95?
May 12, 2021 · Why Lemonade Stock Slipped Today. ... 1 Stock Down 52% That Is a Screaming Buy. Want $1 Million in Retirement? Invest $150,000 in These 3 Stocks and Wait a Decade. Tech Sell-Off: 5 Growth Stocks ...
Does Matthew Frankel own lemonade?
Feb 15, 2022 · Many high-growth stocks have been beaten down in the recent market downturn, but insurance technology company Lemonade ( LMND 7.41% ) has been hit harder than most. In this Motley Fool Live video ...
Can Lemonade bounce back in 2022?
Mar 04, 2021 · Shares of Lemonade ( LMND -4.87% ) fell 7% on Thursday, extending the sharp decline in the artificial intelligence (AI)-powered insurance company's stock price since its fourth-quarter earnings ...
Are PayPal and lemonade being beaten down too much?
Oct 19, 2021 · Instead, the main force driving Lemonade's stock lower is an analyst's note. Specifically, an analyst from Barclays ( BCS-0.38%) lowered …
Will Lemonade stock ever recover?
If the company can focus on gathering more data for its AI and use its recent buyout of MetroMile to mature its newest product, I think Lemonade investors could see a generous bounce back in 2022.Dec 15, 2021
Is LMND a buy right now?
A bull on Lemonade, JMP Securities analyst Michael Carletti reiterated a “buy” rating for LMND stock, with a price target of $95 per share.Mar 17, 2022
Should I sell my LMND stock?
Lemonade(LMND-N) Rating A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Should I hold Lemonade stock?
The consensus among Wall Street analysts is that investors should "hold" Lemonade stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LMND, but not buy additional shares or sell existing shares.
Investors are abandoning this former high-flying growth stock. But should they be selling?
Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.
What happened
Shares of Lemonade ( NYSE:LMND) fell 7% on Thursday, extending the sharp decline in the artificial intelligence (AI)-powered insurance company's stock price since its fourth-quarter earnings report on Monday.
So what
Lemonade's customer count jumped 56% year over year to more than 1 million. It also saw its premium per customer rise by 20%, to $213. Together, this helped to fuel an 87% surge in Lemonade's in force premium (IFP) -- essentially, the aggregate annualized premiums paid by customers with active insurance policies -- to $213 million.
Now what
Despite what the recent performance of its shares would suggest, Lemonade has a bright future. By using artificial intelligence to provide fast online price quotes at competitive rates to prospective customers, Lemonade is rapidly gaining share in the massive U.S. insurance market.
