Lemonade loses fizz regardless of excessive development
The share worth of Israeli digital insurance coverage firm fell 6.55% on Fridsay to its lowest stage in additional than a yr.
The share worth of Israeli digital insurance coverage firm Lemonade (NYSE: LMND) is at its lowest for greater than a yr forward of its third quarter monetary outcomes to be launched this week. The share worth fell 6.55% on Friday on Wall Road, giving a market cap of $3.3 billion. At the beginning of the yr, Lemonade was buying and selling particularly excessive and since then has misplaced greater than half of its worth.
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Lemonade, which was cofounded by CEO Daniel Schreiber and president Shai Wininger, will publish its third quarter monetary outcomes on Thursday. Analysts masking the corporate predict 65.8% income development to $322 million, alongside a rise within the internet loss per share from $0.51 cents within the corresponding quarter to $0.58 within the third quarter of this yr. In accordance with the corporate’s steering, it sees optimistic adjusted EBITDA by the fourth quarter of this yr.
Information from “The Wall Road Journal” reveals most analysts preserve a impartial stance on the inventory -seven out of 12 – with three analysts holding a optimistic view and two a unfavourable one. Their worth targets span a variety, from $38 (an 11.5% low cost on the inventory’s worth on Wall Road) to $92 (a 114% premium).
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 1, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
Lemonade cofounders Daniel Screiber and Shai Wininger
