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Lemonade Inc

Lemonade Inc (LMND)

19.59
0.98
(5.27%)
Closed July 14 4:00PM
19.70
0.11
(0.56%)
After Hours: 7:53PM

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Key stats and details

Current Price
19.70
Bid
-
Ask
-
Volume
2,179,072
18.80 Day's Range 20.08
10.265 52 Week Range 24.81
Market Cap
Previous Close
18.61
Open
18.85
Last Trade
10
@
19.59
Last Trade Time
Financial Volume
$ 42,663,281
VWAP
19.5786
Average Volume (3m)
1,429,831
Shares Outstanding
70,501,578
Dividend Yield
-
PE Ratio
-5.83
Earnings Per Share (EPS)
-3.36
Revenue
429.8M
Net Profit
-236.9M

About Lemonade Inc

Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes. Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes.

Sector
Fire, Marine, Casualty Ins
Industry
Fire, Marine, Casualty Ins
Headquarters
Wilmington, Delaware, USA
Founded
1970
Lemonade Inc is listed in the Fire, Marine, Casualty Ins sector of the New York Stock Exchange with ticker LMND. The last closing price for Lemonade was $18.61. Over the last year, Lemonade shares have traded in a share price range of $ 10.265 to $ 24.81.

Lemonade currently has 70,501,578 shares outstanding. The market capitalization of Lemonade is $1.31 billion. Lemonade has a price to earnings ratio (PE ratio) of -5.83.

LMND Latest News

Lemonade To Announce Second Quarter 2024 Financial Results

Lemonade, Inc. (NYSE: LMND) today announced it will release its second quarter 2024 financial results on Tuesday, July 30, 2024 after market close. Lemonade will host a conference call the...

Lemonade Announces Successful Renewal of Reinsurance Program

The program, led by Lemonade’s existing partners, will commence as of July 1, 2024. Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its...

Lemonade Announces First Quarter 2024 Financial Results

Lemonade, Inc. (NYSE: LMND) has released its first quarter 2024 financial results by posting them to its website. Please view the Q1 2024 financial results in the Letter to Shareholders on the...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
13.521.604938271616.220.0815.97170824817.84091842CS
44.4929.52005259715.2120.0814.03143642016.52008656CS
124.1226.444159178415.5820.1914.03142983117.00104471CS
262.8116.637063351116.8921.9414.03162770216.98272473CS
52-0.17-0.85556114745819.8724.8110.265169441016.60774632CS
156-77.51-79.734595206397.2198.9810.265152503426.74115606CS
260-30.36-60.64722333250.06188.310.265176441553.50819471CS

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LMND Discussion

View Posts
gmoney909 gmoney909 1 month ago
This stock is as dead as this stupid IHUB -- Im glad i didnt waste my money on a premium account
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gmoney909 gmoney909 1 month ago
What the hell is wrong with this stock ----never moves except down once in awhile --maybe when the feds lower rates we might see some action ---any thoughts ???
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Event Driven Investor Event Driven Investor 12 months ago
https://finviz.com/quote.ashx?t=LMND&ty=c&ta=1&p=d shorty has Lemonade Insurance $LMND up to 30.68% of the float shorted. Earnings for Q2 coming out 8.2.23 EOD We will see
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Monksdream Monksdream 12 months ago
LMND recent golden cross

Lemonade Inc NYSE: LMND

GoSymbol lookup
Financials : Insurance | Small Cap BlendCompany profile
Lemonade, Inc. is an insurance company that offers renters, homeowners, car, pet, and life insurance. The Company offers its products to renters and homeowners in the United States, contents and liability insurance in Germany, the Netherlands, France, and the United Kingdom. It offers pet insurance that covers diagnostics, procedures, medication, accidents or illness. Its car insurance covers car accidents, weather damage, theft and vandalism, damage from fire, trees, or animals, glass and windshield repair, liability for bodily injury and property damage, medical expenses, roadside assistance. It offers various bots to improve interactions with its customers across its platform, which include AI Maya, AI Jim and CX.AI. Its proprietary applications include Forensic Graph, Blender, and Cooper. Forensic Graph utilizes the combined power of behavioral economics, big data, and artificial intelligence (AI) to predict, deter, detect, and block fraud throughout the customer engagement.
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starbuxsux starbuxsux 1 year ago
Jan 20 $13.50 Calls @ $3.00....up 275%!
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starbuxsux starbuxsux 2 years ago
Jan 20 $13.50 Calls @ $2.25....up 185%!
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starbuxsux starbuxsux 2 years ago
Jan 20 $13.50 Calls @ $1.77....up 120%
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starbuxsux starbuxsux 2 years ago
Jan 20 $13.50 Calls @ $1.50....up 89%
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starbuxsux starbuxsux 2 years ago
IN Jan 20 $13.50 Calls @ $0.80
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peterquinnvet peterquinnvet 2 years ago
$LMND is one of the 5 Artificial Intelligence Growth Stocks to Buy Now and Hold according to The Motley Fool.

https://www.fool.com/investing/2022/03/12/5-artificial-intelligence-growth-stocks-buy-hold/
👍️ 1
eddy2 eddy2 3 years ago
When your buying a lemon your purchasing a fruit. When you buy a lemonade stock your purchasing a tax credit created by equity debt be it borrowed or owned by equity holders who sell there tax credits into the market. Oversold tax credits go into the public and institutional pockets or can be reinvested as additional debt or market capitalization if you only have the common share window of access.

The company can repurchase common stock at a discount on the tax credit owed ie: tax deficit owed

This company has great future potential by all indications of the numbers.
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Crusen Crusen 3 years ago
Actually, no, it isn't. Wrong again.

As my post on this board pointed out the stock was up 60% after the bad call of lower lows ahead.

A major error for a trader.

And SHLD no longer trades as I said it wouldn't. Or was that the original CHK where I made your regrettable acquaintance?

It doesn't matter because you don't matter.
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Nebuchadnezzar Nebuchadnezzar 3 years ago
LMND down 17% just today

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Nebuchadnezzar Nebuchadnezzar 3 years ago
did u buy at $100+ lol
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Nebuchadnezzar Nebuchadnezzar 3 years ago
LMND down 60% from highs
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Crusen Crusen 4 years ago
Up over 60% since that failed call. Hopefully this is a lesson in humility.
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JustBegin JustBegin 4 years ago
Wow crazy day!!
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trades2win trades2win 4 years ago
Breaking down lower lows coming
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Lemonade Inc (LMND)
91.13 ? 6.09 (7.16%)
Volume: 4,784,636 @12/07/20 12:28:04 PM EST
Bid Ask Day's Range
- - 88.02 - 99.99
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Glider549 Glider549 4 years ago
Earnings come out next week.
Looking positive
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JohnCM JohnCM 4 years ago
Interesting action.

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JohnCM JohnCM 4 years ago
Tough one. I would look for reversal confirmation.
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tekheavy tekheavy 4 years ago
Ugly looking chart.
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... about to increase our position big league here ... $LMND
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JohnCM JohnCM 4 years ago
Any PR's lately?
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... negative trends on main street favor lemonade long-term ... $LMND
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Roadtojourney Roadtojourney 4 years ago
What a pos is this junk man?? Imo
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Lemonade is an insurance-tech company that went public earlier this year in just its third year of existence. The digitally native organization operates a mobile app and website aimed at making the insurance process as transparent and easy to follow as possible. Today, it offers renters, homeowners, and pet insurance, with long-term plans to add health insurance and life insurance as well. - The Fool
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... earnings beat BIGLY by lemonade ... $LMND
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... we bought the $LMND dip today into earnings ...
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tekheavy tekheavy 4 years ago
More like 50$
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JohnCM JohnCM 4 years ago
Share Structure
Market Cap Market Cap
Not Available
Authorized Shares
Not Available
Outstanding Shares
Not Available
Restricted
Not Available
Unrestricted
Not Available
Held at DTC
Not Available
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Hitman970 Hitman970 4 years ago
PT 150$
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ed3/6me ed3/6me 4 years ago
looking at how many states its open to now think like you cheap entry. as the home insurance field is not run like a buisness but a piggy bank. if their model works, should be great for them and us.
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Hitman970 Hitman970 4 years ago
This looks rather cheap considering.
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JohnCM JohnCM 4 years ago
Lemonade IPO: 5 things to know about the online insurer

Published: July 2, 2020 at 5:23 p.m. ET
By Wallace Witkowski

Lemonade stock price more than doubles right out of the gate

As the world is buffeted by digital and societal revolutions, Lemonade Inc. is hoping to leverage the uncertainty created by those upheavals to reshape an industry meant to provide peace of mind: insurance.

On Thursday, Lemonade’s LMND, 26.93% became 2020’s best IPO debut after the mobile-based insurance startup’s stock closed up 139% to finish at $69.41 on the New York Stock Exchange, hitting an intraday high of $70.80. Late Wednesday, Lemonade priced its initial public offering at $29 a share, above the already increased IPO pricing to range of $26 to $28 a share, which topped a previous range of $23 to $26 apiece.

The New York-based company, founded in 2016, said in its filing with the Securities and Exchange Commission that it uses artificial intelligence and big-data algorithms to streamline the processes of buying insurance and filing claims, while minimizing volatility and “maximizing trust and social impact.”

The company is attempting to approach the insurance industry the way companies like CrowdStrike Holdings Inc. CRWD, -1.65% and Salesforce.com Inc. CRM, 2.93% approached the software industry — by reimagining a legacy business for the world that exists now.

Lemonade says it wants to be an insurance company “built from scratch on a digital substrate, a contemporary business model and no legacy.”

When Lemonade was founded back in 2016, data and analytics firm Verisk made special note about millennials and the insurance industry, noting that the generation had different expectations from companies they solicited and demanded tech-savvy solutions.

“The insurance industry may also discover that maintaining the customer loyalty of millennials is a challenge,” Verisk said. “Millennials have a perceived reputation (earned or not) that they’re not bound to traditional models of customer loyalty.”

Here are five things to know about Lemonade:

Stock debut puts Lemonade at more than double its valuation from SoftBank

The company sold 11 million shares, with up to 1.7 million available to underwriters to cover overallotments. Underwriters include Goldman Sachs, Morgan Stanley, Allen & Co., Barclays, JMP Securities, Oppenheimer & Co., William Blair and LionTree. Thursday’s stock surge values the company at as much as $3.81 billion

Before the IPO, the company had already raised $480 million through several funding rounds, according to Crunchbase, with a $300 million round in April 2019 led by SoftBank Group Corp. 9984, +2.42% bestowing a “pre-money” valuation of $1.7 billion.

Founders’ letter reads like a manifesto called ‘Our Lemonade Stand’
Lemonade seeks to rewrite the rules on the insurance industry through a David versus Goliath dynamic, Chief Executive Daniel Schreiber and Chief Operating Officer Shai Wininger said in their founder’s letter, included in the filing.

Stating that the insurance industry has been swept up and altered in previous industrial revolutions, the current “fourth industrial revolution” will be no different, the founders say.

“As transformative as the prior revolutions were for insurance, there is reason to believe that today’s will be even more so,” the founders said. “No part of the value chain is immune this time: distribution models, business models, statistical tools, systems of management, cost structures, corporate structures, corporate culture, technology stacks, user experience, marketing channels, data sources, data uses, value propositions, human capital — all these and more are being upended.”

To that end, the company’s mission is to “harness technology and social impact to be the world’s most loved insurance company.”

Focusing on first-time customers with few assets

Lemonade said that 70% of its customers are under the age of 35 and that about 90% of customers were not switching from another insurer as a result of how the company pitches itself.

“We bring insurance to the mobile-first, digitally-native world,” the company said in its SEC filing. “Our playful bots make for a fun and intuitive interaction at any age, all the more so to a generation that grew up with a smartphone.”

Renters-insurance quotes take about two minutes, while homeowners-insurance quotes take about three minutes. Claims are paid out in as little as three seconds, the company claims.

”Companies built on human brokers and claims agents have many strengths, no doubt, but appealing to millennials and Gen Zers is not chief among them,” Lemonade said.

The company reported 2019 revenue of $67.3 million, up from $22.5 million in 2018, and a 2019 loss of $108.5 million, wider than the loss of $52.9 million in the previous year.

Currently, Lemonade only offers renters and homeowners insurance in the U.S., along with contents and liability insurance in Germany and the Netherlands. Lemonade’s strategy is to expand into other insurance products like auto, life and umbrella policies as its young customer base matures.

Social advocacy is built into the business model, and it’s a risk factor
With consumers exercising power through social movements like Me Too and Black Lives Matter, prompting businesses around the world to change practices and alter the optics of certain brands, Lemonade goes one further by making social advocacy a major part of its brand.

When Lemonade customers sign up, they designate a charitable cause where “we aim to donate leftover money,” or residual premiums, in an annual donation known as the “Giveback.”

In 2019, Lemonade donated $600,000 to 26 nonprofit causes, a big surge given the company has donated a total of $800,000 since it started the program in 2017. However, what is intended as an appeal to socially conscious young adults also poses risks, the company discloses.

“The novelty of our business model makes its efficacy unpredictable and susceptible to unintended consequences,” the company said.

“Our commitment to charitable giving through our Giveback program may not align our interests with those of our customers to the extent anticipated,” Lemonade said. “Moreover, our commitment to charitable giving may not resonate with our existing customers or may fail to attract new customers.”

In its filing, Lemonade said it competes with traditional insurers like Allstate Corp. ALL, 1.37%, Farmers Insurance Group, Liberty Mutual Group, State Farm Insurance Cos., and Travelers Cos. TRV, +1.54%.

There are, however, other app-based insurance companies offering renters insurance policies, such as Assurant Inc., which claims to donate $4 million a year to charities and relief efforts. San Francisco-based Gabi Personal Insurance Agency Inc., which has raised $39.1 million in venture capital, seeks to take a customer’s existing coverage and find better quotes from other insurers. There’s also Sure Inc., which acts as a curation platform for partnering insurance companies.

Private equity, management hold big share majorities

Once the IPO closes, SoftBank is expected to own a 21.8% stake in the company, with Sequoia Capital and Aleph LP each holding a 8.3% stake, and General Catalyst Group with a 5.9% stake. Among the company’s founders, Daniel Schreiber will hold a 28.3% stake and Shai Wininger will hold a 29% stake.

Lemonade, however, said that large stakeholders will not be able to vote with more than 9.9% of the outstanding stock in the company without first getting approval of the New York State Department of Financial Services.

“In the event that such approval does not permit the holder to vote more than 9.90%, the positive excess of voting rights shall be distributed pro rata among the stockholders not subject to this restriction,” the company said in its filing.
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doebop doebop 4 years ago
Sold $90 from $52 entry
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Penny Stocks 2.0 Penny Stocks 2.0 4 years ago
Rumor swirling $LMND reinstated $FPLF.
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doebop doebop 4 years ago
$90 today imo
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
... not bad for a day ...
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
The group consists of the following entities, which support Lemonade, Inc.'s U.S. and E.U. operations: (1) Lemonade Insurance Company, an insurance corporation organized under New York law; (2) Lemonade Insurance Agency, LLC, a limited liability company organized under New York law; (3) Lemonade Ltd., a company organized under the laws of Israel; (4) Lemonade Insurance N.V., a public limited company organized under the laws of the Netherlands; (5) Lemonade Agency B.V., a Netherlands private limited liability company; (6) Lemonade B.V., a Netherlands private limited liability company; and (7) Lemonade Life Insurance Agency, LLC, a limited liability company organized under Delaware law.
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Our corporate headquarters is located at 5 Crosby Street, 3rd Floor, New York, New York 10013. Our telephone number is (844) 733-8666. Our principal website address is www.lemonade.com. Lemonade, Inc. is a public benefit corporation organized under Delaware law. It provides certain personnel, facilities and services to each of its subsidiaries (together with Lemonade, Inc., the "group"), all of which are 100% owned, directly or indirectly, by Lemonade, Inc.
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
To that end, we have built a vertically-integrated company with wholly-owned insurance carriers in the United States and Europe, and the full technology stack to power them. A two minute chat with our bot, AI Maya, is all it takes to get covered with renters or homeowners insurance, and we expect to offer a similar experience for other insurance products over time. Claims are filed by chatting to another bot, AI Jim, who pays claims in as little as three seconds. This breezy experience belies the extraordinary technology that enables it: a state-of-the-art platform that spans marketing to underwriting, customer care to claims processing, finance to regulation. Our architecture melds artificial intelligence with the human kind and learns from the prodigious data it generates to become ever better at delighting customers and quantifying risk. In addition to digitizing insurance end-to-end, we also reimagined the underlying business model to minimize volatility while maximizing trust and social impact. In a departure from the traditional insurance model, where profits can literally depend on the weather, we typically retain a fixed fee, currently 25% of premiums, and our gross margins are expected to change little in good years and in bad. At Lemonade, excess claims are generally offloaded to reinsurers, while excess premiums are usually donated to nonprofits selected by our customers as part of our annual "Giveback". These two ballasts, reinsurance and Giveback, reduce volatility, while creating an aligned, trustful, and values-rich relationship with our customers. Lemonade's cocktail of delightful experience, aligned values, and great prices enjoys broad appeal, while over indexing on younger and first time buyers of insurance. As these customers progress through predictable lifecycle events, their insurance needs normally grow to encompass more and higher-value products: renters regularly acquire more property and frequently upgrade to successively larger homes; home buying often coincides with a growing household and a corresponding need for life or pet insurance, and so forth. These progressions can trigger orders-of-magnitude jumps in insurance premiums. The result is a business with highly-recurring and naturally-growing revenue streams; a level of automation that we believe delights consumers while collapsing costs; and an architecture that generates and employs data to price and underwrite risk with ever-greater precision to the benefit of our company, our customers and their chosen nonprofits. --- Lemonade, Inc. (formerly Lemonade Group, Inc.), the registrant and the issuer of the common stock being sold in this offering, was incorporated as a Delaware corporation on June 17, 2015.
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Our Mission Harness technology and social impact to be the world's most loved insurance company. Lemonade is rebuilding insurance from the ground up on a digital substrate and an innovative business model. By leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, we believe we are making insurance more delightful, more affordable, more precise, and more socially impactful.
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