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Is Now a Good Time to Buy Lemonade?

TheMotleyFool

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It's been an exciting ride for Lemonade (NYSE: LMND) investors. The company went public last summer at an initial public offering (IPO) price of just $29 per share. After bouncing around for a while, the stock has soared over the last few months. Even after pulling back by about 20% from its peak reached just over a week ago, Lemonade is still up by nearly 200% since the beginning of November.

Lemonade has an exciting market opportunity, but there's no doubt that it's an expensive stock. After the recent pullback, is now a smart time to add this disruptive insurance company to your portfolio?

Image source: Getty Images.

Source Fool.com

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