Lemonade: Profit Inflection Close, But Still No Juice For Bulls [Seeking Alpha]
Lemonade, Inc. (LMND)
Company Research
Source: Seeking Alpha
The growth story is close to a profit inflection, but risks remain high. We tell you why this likely heads lower and what's the most you should pay for this. I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » In our last coverage of Lemonade, Inc. ( NYSE: LMND ) we suggested investors use the rally to book their tax losses and move out of the position completely. While we maintained a "hold" rating, we felt the trends were firmly against the company and the longer-term outlook remained negative. We look at the Q4-2023 results , the company provided an outlook for 2024 and for profits in 2026 and updated our view. Q4-2023 The company view showcased the drop in the gross loss ratio. For those unfamiliar, this ratio essentially looks at policy payout as a percentage of revenues and ignores other overhead expenses. While this may not be as compelling today as one would
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LMND
News
- Lemonade, Inc. (NYSE: LMND) had its price target raised by analysts at Piper Sandler from $17.00 to $18.00. They now have a "neutral" rating on the stock.MarketBeat
- Lemonade (LMND) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Lemonade Announces First Quarter 2024 Financial ResultsBusiness Wire
- Lemonade, Inc. (NYSE: LMND) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $40.00 price target on the stock.MarketBeat
- Lemonade To Announce First Quarter 2024 Financial ResultsBusiness Wire
LMND
Earnings
- 4/30/24 - Beat
LMND
Sec Filings
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form DEFA14A
- LMND's page on the SEC website