The price of Lemonade Inc (NYSE:LMND) shares last traded on Wall Street rose 16.04% to $46.58.
LMND stock price is now 114.53% away from the 50-day moving average and 152.42% away from the 200-day moving average. The market capitalization of the company currently stands at $3.33B.
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With the price target enhanced from $23 to $42, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for Lemonade Inc (NYSE: LMND). On November 07, 2024, Keefe Bruyette Downgraded its previous ‘Mkt Perform’ rating to ‘Underperform’ on the stock increasing its target price from $18 to quote $21, while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, Eckstein Adina, Officer bought 23,644 shares of the company’s stock on Nov 19 ’24. The stock was bought for $945,760 at an average price of $40.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Director Angelidis-Smith Maria bought 18,512 shares of the business’s stock. A total of $507,599 was incurred on buying the stock at an average price of $27.42. This leaves the insider owning 18,512 shares of the company worth $0.86 million. A total of 27.69% of the company’s stock is owned by insiders.
During the past 12 months, Lemonade Inc has had a low of $14.03 and a high of $40.49. The fifty day moving average price for LMND is $21.128 and a two-hundred day moving average price translates $18.2997 for the stock.
The latest earnings results from Lemonade Inc (NYSE: LMND) was released for 2024-09-30. The net profit margin was -51.92% and return on equity was -32.52% for LMND.
