Why Are Short Sellers Betting Against Lemonade (LMND) Despite Impressive Growth Metrics? [Yahoo! Finance]
Lemonade, Inc. (LMND)
Company Research
Source: Yahoo! Finance
The September Interest Rate Cut Analysts have been anticipating interest rate cuts for a while now, with bets on either a 25- or a 50-basis point reduction. Concerns about potential economic instability and the impact of these cuts on net interest income for banks added complexity to the market outlook. However, the situation was sorted when the Fed cut interest rates by 50 basis points on September 18 this week, marking its first easing of monetary policy since the pandemic began. This reduction was prompted by growing concerns about the labor market's health. Following this decision, the Fed's benchmark rate now stands at a range of 4.75% to 5.0%. The Fed's Summary of Economic Projections indicates that policymakers anticipate further cuts, with expectations of a half-point reduction by the end of this year, an additional full percentage point in 2025, and another half-point cut in 2026, ultimately targeting a range of 2.75% to 3.00%. Fed Chairman Jerome Powell stated that th
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LMND
News
- Lemonade, Inc. (NYSE: LMND) had its price target raised by analysts at BMO Capital Markets from $13.00 to $15.00. They now have an "underperform" rating on the stock.MarketBeat
- Lemonade, Inc. (NYSE: LMND) had its price target raised by analysts at Piper Sandler from $25.00 to $44.00. They now have a "neutral" rating on the stock.MarketBeat
- Lemonade, Inc. (NYSE: LMND) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $42.00 price target on the stock, up previously from $23.00.MarketBeat
- Lemonade, Inc. (NYSE: LMND) had its price target raised by analysts at Morgan Stanley from $15.00 to $23.00. They now have an "underweight" rating on the stock.MarketBeat
- From $1 Billion to $10 Billion: Lemonade’s Investor Day To Focus On The Next 10xBusiness Wire
LMND
Earnings
- 10/30/24 - Beat
LMND
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 144
- 11/13/24 - Form 4/A
- LMND's page on the SEC website