The insurance company is digesting an acquisition and moderating its growth ambitions.
Lemonade (LMND -1.93%) management told investors it is purposely throttling growth ambitions as the cost of capital rises. The insurance company reported excellent revenue growth in the third quarter, but its losses mounted on the bottom line.
Stock prices used were the afternoon prices of Nov. 10, 2022. The video was published on Nov. 10, 2022.
Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lemonade, Inc. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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