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Why Shares of Lemonade Are Up Today

TheMotleyFool

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Why Shares of Lemonade Are Up TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of the artificial intelligence insurance platform Lemonade (NYSE: LMND) traded as much as 4.5% higher this morning after multiple analysts on Friday assigned the company a bullish rating.

The company recently reported an earnings per share loss of $0.90 on total revenue of $28.2 million in the second quarter of 2021. EPS was in line with analysts' estimates, while revenue beat the consensus for the quarter of $26.8 million.

Following earnings, Lemonade stock dropped roughly 11% Thursday, as the loss the company reported in the quarter more than doubled from the second quarter of 2020, while revenue dipped slightly as well.

Source Fool.com

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