Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Lemonade Stock a Buy?

TheMotleyFool

0 0

Lemonade (NYSE: LMND) posted its first-quarter earnings report on May 9. The online insurance provider's revenue rose 89% year over year to $44.3 million, which beat analysts' estimates by $1.1 million.

Its net loss widened from $49 million to $74.8 million, or $1.21 per share, but still exceeded analysts' expectations by $0.23. Its loss based on adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also widened, from $41.3 million to $57.4 million.

Lemonade's headline numbers were mixed, and its stock remains nearly 40% below its initial public offering (IPO) price and 90% below its all-time high. Should investors accumulate some shares of this deflated growth stock today?

Source Fool.com

Like: 0

LMND

Share