Fintel reports that on November 20, 2024, Morgan Stanley upgraded their outlook for Lemonade (NYSE:LMND) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 57.03% Downside
As of October 22, 2024, the average one-year price target for Lemonade is $20.02/share. The forecasts range from a low of $11.11 to a high of $42.00. The average price target represents a decrease of 57.03% from its latest reported closing price of $46.58 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Lemonade is 526MM, an increase of 6.70%. The projected annual non-GAAP EPS is -4.62.
What is the Fund Sentiment?
There are 385 funds or institutions reporting positions in Lemonade. This is an increase of 7 owner(s) or 1.85% in the last quarter. Average portfolio weight of all funds dedicated to LMND is 0.08%, an increase of 0.46%. Total shares owned by institutions increased in the last three months by 4.02% to 44,300K shares. 
The put/call ratio of LMND is 0.42, indicating a bullish outlook.
What are Other Shareholders Doing?
Softbank Group holds 11,983K shares representing 16.78% ownership of the company. No change in the last quarter.
BlackRock holds 3,903K shares representing 5.47% ownership of the company.
Baillie Gifford holds 3,725K shares representing 5.22% ownership of the company. In its prior filing, the firm reported owning 4,061K shares , representing a decrease of 9.03%. The firm decreased its portfolio allocation in LMND by 11.95% over the last quarter.
VWUSX - Vanguard U.S. Growth Fund Investor Shares holds 2,077K shares representing 2.91% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,699K shares representing 2.38% ownership of the company. In its prior filing, the firm reported owning 1,649K shares , representing an increase of 2.94%. The firm increased its portfolio allocation in LMND by 0.74% over the last quarter.
Lemonade Background Information
(This description is provided by the company.)
Lemonade offers renters, homeowners, and pet health insurance in the United States, contents and liability insurance in Germany and the Netherlands, and renters insurance in France, through its full-stack insurance carriers. Powered by artificial intelligence and behavioral economics, Lemonade set out to replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available for most of the United States, Germany, the Netherlands and France and continues to expand globally.
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