|Bid||61.81 x 800|
|Ask||61.85 x 900|
|Day's Range||61.02 - 68.35|
|52 Week Range||44.11 - 188.30|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||92.29|
In this video, I will go over Lemonade's (NYSE: LMND) Q1 earnings report and talk about why this was actually a promising report, seeing as it raised guidance even after the whole Texas freeze event. Investors will have to wait until we get to see the effects of Term Life and Car Insurance. Life is still in its early days and Lemonade is still testing and iterating on the product experience to ensure it is both fantastic and delightful.
Julie Hyman and Brian Sozzi discuss some of Wednesday’s market movers, including: FuboTV seeing subscriber and revenue growth, Wendy’s seeing a boost in sales thanks to expansion, and Lemonade taking a hit from the Texas winter storm aftermath.
The stock market was having a generally weak day on Wednesday, but insurance technology disruptor Lemonade (NYSE: LMND) was a big disappointment. As of 10 a.m. EDT, Lemonade's stock price had fallen by nearly 14% to its lowest level since December. As you might expect, Lemonade's just-released earnings report is behind the move.