Lemonade (NYSE: LMND) uses artificial intelligence (AI) throughout its entire business, helping to better analyze insurance risk, approve policy applications, and manage claims. It's no wonder this tech focus helped propel shares 70% higher through the first seven months of 2023, crushing the gains of the S 500 and the Nasdaq Composite index.
But in the month of August, shareholders have soured on the stock after its most recent financial update. Let's take a closer look at what's going on with this fintech to help decide if the stock is a buying opportunity right now.
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Source Fool.com