The stock of Lemonade Inc (NYSE:LMND) last traded at $35.46, up 12.64% from the previous session.
LMND stock price is now -0.70% away from the 50-day moving average and 39.68% away from the 200-day moving average. The market capitalization of the company currently stands at $2.53B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Peters John Sheldon, Chief Insurance Officer sold 28,985 shares of the company’s stock on Dec 30 ’24. The stock was sold for $1,120,850 at an average price of $38.67. Upon completion of the transaction, the Chief Insurance Officer now directly owns 69,508 shares in the company, valued at $2.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30 ’24, Officer Peters John Sheldon bought 28,985 shares of the business’s stock. A total of $1,120,850 was incurred on buying the stock at an average price of $38.67. A total of 25.87% 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 $53.85.
The net profit margin was -51.92% and return on equity was -32.52% for LMND.
