Lemonade Just Gave Investors Great News -- Should You Buy the Stock While It's Cheap?

By Matt Frankel – May 2, 2024 at 8:04AM

NYSE: LMND

Lemonade

Market Cap

$1B

Today's Change

(-3.60%) -$0.66

Current Price

$17.70

Price as of May 16, 2024, 4:00 p.m. ET

The insurance technology company beat estimates, but that wasn't the big story.

Lemonade (LMND -3.60%) beat analyst estimates on both the top and bottom lines, but the big story is that the company is showing investors a clear path to profitability. In this video, I'll discuss the numbers and why Lemonade's updated profitability timetable is such a big deal.

*Stock prices used were the afternoon prices of May 1, 2024. The video was published on May 1, 2024.

Matt Frankel has positions in Lemonade. The Motley Fool has positions in and recommends Lemonade. 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.