Lemonade Squeezed by Investors

Shares of Lemonade (NYSE: LMND) fell 6.79% Monday due to a selloff involving insurance technology companies. History: When Lemonade went public in 2020, the stock soared 76% that year. But as investors turned away from mid-cap growth tech stocks in 2021, Lemonade's stock dropped 60.47%. The Good: Lemonade has broadened its customer base and increased its quarterly revenue by 101%. The Bad: However, the company’s marketing and advertising expenses are up. Lemonade is still not profitable. Final Thoughts: Last month, Lemonade acquired automobile insurance tech company Metromile. Hopefully, this helps the company expand into car insurance. Hope you enjoyed this commentary. Please subscribe to Early Bird, a free daily newsletter that helps you identify investment trends: https://earlybird.email/

back

Lemonade Squeezed by Investors

bearish

Shares of Lemonade (NYSE: LMND) fell 6.79% Monday due to a selloff involving insurance technology companies.

History: When Lemonade went public in 2020, the stock soared 76% that year. But as investors turned away from mid-cap growth tech stocks in 2021, Lemonade's stock dropped 60.47%.

The Good: Lemonade has broadened its customer base and increased its quarterly revenue by 101%.

The Bad: However, the company's marketing and advertising expenses are up. Lemonade is still not profitable.

Final Thoughts: Last month, Lemonade acquired automobile insurance tech company Metromile. Hopefully, this helps the company expand into car insurance.

Hope you enjoyed this commentary. Please subscribe to Early Bird, a free daily newsletter that helps you identify investment trends: https://earlybird.email/

read-time
< 1 min
42.12
Target Price
3/ 10
Confidence
< 1 Week
Timeframe
catalyst icon
Earnings Release
catalyst icon
News
catalyst icon
SEC
Filing
catalyst icon
Sentiment
catalyst icon
Other Catalyst

Access the latest tools and discussion channels with an account

reddit-sentiment

Reddit Sentiment
Analysis

portfolio-balancer

Portfolio Balancer
with brokerages

sec-dashboard

SEC Dashboard
with NLP

*/}aiodd-ad
next