Lemonade, Inc. (NYSE:LMND) shares are trading lower Thursday after the company reported second-quarter financial results.
What To Know: Lemonade reported quarterly losses of 97 cents per share which beat the analyst consensus estimate of a loss of $1.03, a 11.82% increase over losses of $1.10 per share from the same period last year. The company reported quarterly sales of $104.60 million which beat the analyst consensus estimate of $97.53 million, a 109.20% increase over sales of $50.00 million the same period last year.
On Thursday, Morgan Stanley analyst Michael Phillips maintained Lemonade with a Underweight and raised the price target from $14 to $15.
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LMND Price Action: Shares of LMND were down 20.3% at $17.58 at the time of publication, according to Benzinga Pro.
Image by Gerd Altmann from Pixabay
