Down 91%, Is It Time to Buy Lemonade Stock?
Lemonade (NYSE: LMND) came out with fourth-quarter earnings recently, but investors weren't pleased with the news given that the shares tanked after the announcement. Nonetheless, this business still posted strong growth trends that are encouraging for long-term investors.
Zooming out, it hasn't been a fun ride for shareholders. As of this writing, the insurance fintech stock is down 91% from its all-time high price, which was set more than three years ago in January 2021. Does this mean it's time to add Lemonade to your portfolio?
The insurance industry is one of the oldest parts of the economy, so it has long been ripe for disruption. This is the opportunity that Lemonade's founders saw in 2015 when they started the company.
Source Fool.com
