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Lemonade (LMND-N)
NEW AI Investor Insights
47 watching
NYSE:LMND
17.95
0.29
(1.64%) 1d
Financials
Technical Analysis
Apr 26, 2024, 8:00 pm
0
HOLD
Artificial intelligence insurance company.
Company shares have been hit very hard with tech selloff.
Hoping to replace human element in insurance business.
Burning through a lot of cash the next 2-4 years.
Wants to see more cash flow before investing.
Rising interest rates will negatively impact this business.
Better options for investors.
Financial Services
$24.030
Unknown
WEAK BUY
Likes it. Has it in some separately managed accounts willing to take on more risk. Only pure play insurance tech in the market. Produces its own software. Recently into auto insurance. Decent size. Good runway. (Analysts’ price target is $32.63)
Financial Services
WEAK BUY
Poster child for SaaS that's struggled this year. 12-month price target of $65.50. Long runway, but unprofitable. Rising interest rates contract the multiple. The only pure play insurance start up. Buy it here just under $40, with a close stop of $35.
Financial Services
HOLD
Going into earnings, don't buy any more. That said, the stock has come down enough and won't anymore.
Financial Services
COMMENT
Problem is, they offer a great product, but it's hard to determine the value of the stock. Also, this is heavily shorted so it's volatile (not a Reddit stock though). He likes it, but you'll have to wait for the value of the stock to catch up with the value proposition.
Financial Services
DON'T BUY
2020 IPOs cost too much, and are worth buying now that they are out of style and cheaper. This insurance disruptor was worth buying below $50, which happened two months after its IPO. Then, it took off, but down 50% from its peak now. He loves this company, but they're losing tons of money and the stock trades at 50x sales (not earnings).
Financial Services
COMMENT
An AI-powered insurance broker. 11% of shares were just shorted. They report Monday.
Financial Services
PARTIAL SELL
Lemonade is an A.I. insurer and disruptor. He likes it. Lemonade shot up before Christmas, but plunged 14% Dec. 28 right before its next lock-up expired the following day. The company had traded only 11 million of a total 57 million as listed in their IPO. They unlocked 15 million in November, then 30 million more in late December. Heavy volatility followed to present. Then an investing article spurred a huge short squeeze. It now trades at absurd levels. Take profits here and don't tempt fate.
Financial Services
COMMENT
It's a disruptive tech play on insurance, but also a puzzle. It stormed out of the gate as its IPO rose too high in late June. He waited for a pullback, that happened, and recently it's been rangebound. Despite a top- and bottom-line beat today, it sold off. He doesn't get it.
Financial Services
BUY
They report next week and he expects good results when they report next. A new company that uses AI to shake up the insurance industry.
Financial Services
BUY ON WEAKNESS
What he calls one of 15 Red Hot stocks: unstoppable growth stocks with a sky-high valuation (30-100x sales, not earnings) It's trying to revolutionize the insurance industry. He recommended a pullback to $60, which it is fallen to now. You can buy it now, or wait till it falls further, to $50.
Financial Services
BUY
He likes it. It went public on July 2, and ran up in price quickly. It's a digitized insurance company, and why not in an age where so much is digitized?
Financial Services
TOP PICK
His price target is $96. It was an IPO a couple of weeks ago that came out at $29. It is the only pure insurance start-up tech in the market presently. It does searches for insurance for home owners and renters. Put it on your radar -- only put down 20% of what you are willing to risk and be prepared to buy more at every $10 lower. It is a disruptor in the huge insurance industry. Yield 0%.
Financial Services
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Lemonade(LMND-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Lemonade(LMND-N) Frequently Asked Questions
What is Lemonade stock symbol?
Lemonade is a American stock, trading under the symbol LMND-N on the New York Stock Exchange (LMND). It is usually referred to as NYSE:LMND or LMND-N
Is Lemonade a buy or a sell?
In the last year, there was no coverage of Lemonade published on Stockchase.
Is Lemonade a good investment or a top pick?
Lemonade was recommended as a Top Pick by on . Read the latest stock experts ratings for Lemonade.
Why is Lemonade stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Lemonade worth watching?
0 stock analysts on Stockchase covered Lemonade In the last year. It is a trending stock that is worth watching.
What is Lemonade stock price?
On 2024-04-26, Lemonade (LMND-N) stock closed at a price of $17.95.
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