LMND Stock NEWS! Ripe for Investors or Still Too Sour to Buy?

Lemonade had a lot of hype behind it when it IPO’d a few months ago. But are they a buy or not?

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If you don’t know what Lemonade is, I’m not talking about the drink, and it has nothing to do with Beyonce.

What it does have to do with is insurance and the stock market.

Lemonade was touted as an industry disruptor like Amazon, Tesla, Airbnb have been for theirs.

Lemonade also just announced they are expanding more in Europe and, more specifically, France. They are already in the Netherlands and Germany.

“Home insurance is often legally required in France, which automatically makes it a compelling opportunity for Lemonade’s next European country launch,” said Daniel Schreiber, Lemonade CEO, and co-founder. “While the French insurance market is one of the most developed globally, we believe that Lemonade’s unique mix of value, values, and technology will stand out to the French consumer, offering the ability to get fast, personalized, and mission-driven insurance, from the comfort of any phone.”

Lemonade is licensed and supervised by the Dutch Central Bank and has its European headquarters in Amsterdam.

They will also have the added benefit of being based on the company’s policy 2.0. It is considered a new kind of insurance policy for the modern-day.

Like me, Policy 2.0 is short, easy to understand, and transparent.

Its design makes it easy for an average person without a law degree to understand it.

Lemonade reported a loss of 21 million in their first quarterly report.

They had a loss of 36.5 million in the first quarter of the year.

Lemonade currently has a growing customer base of over 814,000, and they are still not being used in every state.

But that number is four times bigger than it was in 2018.

So there is a lot of potential for growth in the US.

They are currently sitting at $47.28, and you can see the drop.

Far from their 52 week high of almost $100 bucks but close to that low of $42.

But remember, this company just got listed a couple of months ago.

However, Their financial numbers seem to be moving in the right direction, but with that much loss still being had, many investors are still not sold that this stock is ripe for the picking.

Let’s look at a couple of other disruptors and see how they fared. Uber and Lyft.

These were two disruptors that had a lot of hype going in.

Well, since their IPO, Uber is down 16 percent, and Lyft is currently down early 60 percent.

You still may remember when FB IPO’d.

Facebook had a lot of hype, like Lemonade, then when FB got listed, they dropped substantially, like Lemonade, and then came back strong and look at FB now!

Would I consider Lemonade stock a buy yet? No. I would personally like to see what LMND does over the next two quarters and see how that revenue is growing.

So right now, I would consider myself just watching.

I think they have a little more to prove before I invest my money.

If this thing were to dip into the 20’s or low 30’s, I would start considering getting some. But at this entry price, it’s still too expensive for me with not much having been proven. If it were to dip into the ’20s and show some decent revenue growth, even still being a little in the red, I would consider buying some.

There is a chance Lemonade jumped into the IPO thing too quickly.

Maybe they should have taken another year or so to keep growing.

But like a lot of companies, they see dollar signs with the way the current market is going, but to me, that’s short-term vision.

As always, I hope you liked the video and subscribed, stay safe out there, and take care.

#lmnd #lemonadeinsurance #lmndstock

Видео LMND Stock NEWS! Ripe for Investors or Still Too Sour to Buy? канала Broke Man Finance