By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Japan’s exports to the U.S. shrink for the first time this year
    Japan’s exports to the U.S. shrink for the first time this year
    May 21, 2025
    Trump’s tariffs creating ‘tensions’ among G7 ahead of summit: Champagne
    Trump’s tariffs creating ‘tensions’ among G7 ahead of summit: Champagne
    May 21, 2025
    Indian author Banu Mushtaq wins International Booker Prize with short story collection
    Indian author Banu Mushtaq wins International Booker Prize with short story collection
    May 21, 2025
    I’m an oncologist. Here’s my biggest piece of advice for Biden right now.
    I’m an oncologist. Here’s my biggest piece of advice for Biden right now.
    May 21, 2025
    China slams ‘separatist’ Taiwan leader on one year in office: State media
    China slams ‘separatist’ Taiwan leader on one year in office: State media
    May 20, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    SEC Charges Unicoin, Top Executives With 0M ‘Massive Securities Fraud’
    SEC Charges Unicoin, Top Executives With $100M ‘Massive Securities Fraud’
    May 21, 2025
    Bitcoin open interest hits record high as bulls stampede toward new BTC price highs
    Bitcoin open interest hits record high as bulls stampede toward new BTC price highs
    May 21, 2025
    The crypto market values chains more than standalone applications
    The crypto market values chains more than standalone applications
    May 21, 2025
    Justin Sun to attend Trump’s dinner with memecoin backers
    Justin Sun to attend Trump’s dinner with memecoin backers
    May 21, 2025
    XRP to ,000? Analyst forecast explained
    XRP to $1,000? Analyst forecast explained
    May 21, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Lemonade stock still has a long way to go after last week’s bump up (NYSE:LMND)
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Lemonade stock still has a long way to go after last week’s bump up (NYSE:LMND)
Lemonade stock still has a long way to go after last week’s bump up (NYSE:LMND)
Business

Lemonade stock still has a long way to go after last week’s bump up (NYSE:LMND)

Published June 24, 2024
Share
3 Min Read
SHARE

TARIK KIZILKAYA

Lemonade (NYSE:LMND) stock got a sorely needed boost last week when co-founder and CEO Daniel Schreiber appeared on CNBC extolling the benefits of AI in the insurance business.

“Businesses within our sector that are not built on AI are missing out on one of the most forceful technologies around,” he said in an interview late last Monday. “For us, it affects everything that we do. The whole company was built upon it.”

In the next trading session, the stock jumped 8.8%. During the holiday-shortened week, Lemonade (LMND) rose 13%.

AI helps the company make underwriting, marketing spend, and claims-processing decisions. AI affects everything from risk management, to the cost-to-serve, to the user experience, Schreiber said. “Every consumer who comes in has about 50 different machine-learning models analyzing and making predictions about ‘will they buy, will they churn, will they cross-sell, will they claim’?”

Lemonade has grown its business by 5x and gross profit by 15x since its IPO four years ago, he said. However, it has been tough going for the stock. The stock closed on Friday at $16.10, or 44% below its IPO price of $29. Year-to-date, the stock has slipped 0.2%, lagging the S&P 500’s 15% climb and competitor Root’s (ROOT) fourfold increase and Hippo Holdings (HIPO) 76% gain in the same time period.

“This is a business that’s really driving on every metric — gross profit, top line, bottom line, profitability, cash flow — it’s all green lights everywhere. The stock market will notice that sooner or later,” Schreiber said in the interview.

The SA Quant system isn’t as bullish on Lemonade (LMND), assigning the company a Hold rating, the same as Root (ROOT) and Progressive (PGR). By comparison, Hippo (HIPO) gets a Buy rating, and Allstate merits a Strong Buy.

Looking at the broader property & casualty insurance sector, the SA Quant system rates HCI Group (HCI), the highest, followed by Old Republic International (ORI), Universal Insurance Holdings (UVE), and Allstate (ALL), all with Strong Buys.

#Lemonade #stock #long #weeks #bump #NYSELMND

TAGGED:bumpLemonadelongNYSELMNDStockweeks
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Barry Sanders says he experienced ‘health scare’ related to his heart Barry Sanders says he experienced ‘health scare’ related to his heart
Next Article Armed militants in Dagestan kill priest and police in attacks on churches, synagogue and police post – National Armed militants in Dagestan kill priest and police in attacks on churches, synagogue and police post – National
- Advertisement -

Latest Post

SEC Charges Unicoin, Top Executives With 0M ‘Massive Securities Fraud’
SEC Charges Unicoin, Top Executives With $100M ‘Massive Securities Fraud’
Cryptocurrency
Bitcoin open interest hits record high as bulls stampede toward new BTC price highs
Bitcoin open interest hits record high as bulls stampede toward new BTC price highs
Cryptocurrency
Japan’s exports to the U.S. shrink for the first time this year
Japan’s exports to the U.S. shrink for the first time this year
World News
The crypto market values chains more than standalone applications
The crypto market values chains more than standalone applications
Cryptocurrency
Trump’s tariffs creating ‘tensions’ among G7 ahead of summit: Champagne
Trump’s tariffs creating ‘tensions’ among G7 ahead of summit: Champagne
World News
Justin Sun to attend Trump’s dinner with memecoin backers
Justin Sun to attend Trump’s dinner with memecoin backers
Cryptocurrency
- Advertisement -

You Might Also Like

4 bullish signals are pointing to more stock gains ahead, according to Bank of America
Business

4 bullish signals are pointing to more stock gains ahead, according to Bank of America

July 25, 2024
Reddit reportedly looking at  billion IPO valuation (Private:REDDIT)
Business

Reddit reportedly looking at $5 billion IPO valuation (Private:REDDIT)

January 28, 2024
Asda to increase staff presence at checkouts, reducing reliance on self-service tills
Business

Asda to increase staff presence at checkouts, reducing reliance on self-service tills

August 12, 2024
Novo Nordisk sees double-digit FY growth; boosts Wegovy supplies to U.S
Business

Novo Nordisk sees double-digit FY growth; boosts Wegovy supplies to U.S

January 31, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?