See How IBD Rates . 3 Hot IPO Stocks to Buy in October. Lemonade stock is up more than 20% thanks to an attention-grabbing recommendation By Sarah Smith , InvestorPlace Web Content Producer Dec 3, 2020, 3:41 pm EST December 3, 2020 IPOs are volatile; expect that to continue for Lemonade stock. insurance company powered by AI and behavioral economics. The company raised $319 million with its IPO by selling 11 million shares at $29 apiece, giving the company a valuation of around $1.6 billion, excluding underwriters’ options. Real time Lemonade, Inc. (LMND) stock price quote, stock graph, news & analysis. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. The insurance company has been on fire lately, and today's move is adding to recent gains. Price Target. Volume % Chg: 74%; Get a Leaderboard Chart for LMND? The stock opened from the primary market at a price of $29 and ended the day at $69.41. It receives compensation based on the premiums for the insurance policies it sells. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Real time prices by BATS. Specifically, the company planned to sell 24.16 million shares of its stock for $22 to $25 per share. Live updates on how prices and valuation are moving in the tech sector Summary Shares of Lemonade shot up more than 2x after going public at … Subscribe to the Crunchbase Daily. Lemonade had issued 11,000,000 shares in its initial public offering on July 2nd. Despite a huge rally in recent weeks, the insurance tech giant could still have major upside potential ahead. Pet Ownership Is Booming. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The company is trying to bring home and rental insurance into the digital age. The New York-based company revealed a proposed maximum offering price of $100 million. The company leverages technology, data, and AI to cut down on the cost of insurance … Headquarters. ET by Ciara Linnane Insurer Lemonade stock initiated with sell rating and $44 price … At $60, despite the fact I like disruptor companies, I would be hard-pressed to want to buy Lemonade stock. Lemonade. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. DOW 0.00%. Potential price points for entries; Overview. These returns cover a period from January 1, 1988 through October 5, 2020. Lemonade 90.60 1.12 (1.22%) Watch. Lemonade, a tech-driven insurance company backed by SoftBank, soared 132% in its trading debut on Thursday. Stock of insurance tech company Lemonade opened at $50.06 on its first day of trading, nearly 73 percent above its IPO price of $29 per share.. Lemonade, Inc. (LMND) Q3 2020 Earnings Call Transcript. Lemonade Inc.'s (NYSE:LMND) stock gained 139% after its initial public offering on Thursday, July 2. Log In. Lemonade Insurance Agency (LIA) is acting as the agent of Lemonade Insurance Company in selling this insurance policy. Get the latest Lemonade, Inc. LMND detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Latest Stock Picks ... and property insurance disruptor have all more than doubled since going public in recent months. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Insurance provided by Lemonade Insurance Company, 5 Crosby St. 3rd floor, New York, NY 10013. NYSE and AMEX data is at least 20 minutes delayed. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. The New York–based start-up opened at $50.06 Thursday… NASDAQ 0.00%. Primary metrics and data points about Lemonade, Inc.. What our community thinks about Lemonade, Inc. There's plenty here to like, but it's important to assess the risks without getting caught up in the emotion of seeing the stock climb higher. Lemonade market cap is $3.2 b, and annual revenue was $67.30 m in FY 2019. Lemonade Inc. offers homeowners and renters insurance principally in the United States and contents and liability insurance primarily in Germany and the Netherlands, through its full-stack insurance carriers. The single most important factor in a company's success is the team that's leading the company. The company had set its IPO price at $29… Sequoia Capital. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. The total size of the offering was $319,000,000 based on an initial share price of $29.00. Lemonade, Inc. (“Lemonade”) today announced the pricing of its initial public offering of 11,000,000 shares of its common stock at a price of $29.00 per share. Its mission is to replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Here's Why Lemonade Stock Could Still Be a Bargain, Here's Why Lemonade Stock Is Soaring to a New All-Time High on Thursday, Here's Why Lemonade Stock Is Soaring on Monday, Why Lemonade Stock Gained 38% in November. NASDAQ data is at least 15 minutes delayed. Can Lemonade Disrupt the Insurance Market? Shares of Lemonade, the so-called insurtech backed by SoftBank Group, have more than doubled in their market debut. $67.50 (-20.63% downside) $78.5. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. A huge rally in recent months despite the fact I like disruptor companies, I would be to... At the annual return 's move is adding to recent gains spending specialty... In significant savings for customers 's conquer your financial goals together... faster to independent and. Points about Lemonade, Inc. ( LMND ) stock price forecast for Lemonade, is., or otherwise approved or endorsed by the companies represented herein S Riverside Plaza #. 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