Lemonade stock still has a long way to go after last week's bump up

seekingalpha06-24

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 ...

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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  fourfold increase and Hippo Holdings  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 , assigning the company a Hold rating, the same as Root  and Progressive . By comparison, Hippo  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 , the highest, followed by Old Republic International , Universal In","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","HIPO":"Hippo Holdings Inc.","PGR":"美国前进保险公司","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","BK4505":"高瓴资本持仓","LU1235295455.SGD":"Fidelity Global Multi Asset Growth & Income A-ACC-SGD","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","ROOT":"Root, Inc.","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","BK4585":"ETF&股票定投概念","LMND":"Lemonade, Inc.","BK4549":"软银资本持仓","ORI":"Old Republic International Corp","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4107":"财产与意外伤害保险","LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","BK4551":"寇图资本持仓","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","ALL":"好事达","BK4535":"淡马锡持仓","BK4173":"保险经纪商","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","UVE":"万全保险","BK4588":"碎股","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","HCI":"HCI集团","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H"},"translate_title":"继上周上涨后，柠檬水股票仍有很长的路要走","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HCI":1,"LMND":1,"ALL":1,"HIPO":1,"ORI":1,"PGR":1,"UVE":1,"ROOT":1},"content_text":"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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2445642066"}