Is Lemonade a Future 10-Bagger or Should You Stay Away?

By Matt Frankel – Nov 15, 2022 at 6:11AM

NYSE: LMND

Lemonade

Market Cap

$1B

Today's Change

(-0.06%) -$0.01

Current Price

$15.73

Price as of April 18, 2024, 4:00 p.m. ET

The insurance disruptor keeps growing, but it is a long way from turning a profit.

Insurance disruptor Lemonade (LMND -0.06%) clearly has a happy customer base and management is doing a good job of growing the business. However, the company continues to burn through cash and its path to profitability remains unclear. In this video, Matt Frankel, CFP®, discusses Lemonade's latest results, the company's long-term potential, and the unanswered questions investors should be concerned about.

*Stock prices in this video are as of midday on Nov. 14, 2022. This video was published on Nov. 14, 2022.

Matthew Frankel, CFP® has positions in Lemonade, Inc. The Motley Fool has positions in and recommends Lemonade, Inc. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.