LMND Stock Price Fell 11.39%: Why It Happened 

By Amit Chowdhry ● Aug 5, 2021
  • The stock price of Lemonade Inc (NYSE: LMND) fell by 11.39%. This is why it happened.

The stock price of Lemonade Inc (NYSE: LMND) fell by 11.39%. Investors are responding negatively to the company’s Q2 2021 results.

Lemonade had lost $55.6 million in the quarter compared to a loss of $21 million in Q2 2020. And revenue dropped to $28.2 million from $29.9 million a year ago.

For the third quarter, the company offered guidance of $32.5 million and $33.5 million in revenue. And for the full year 2021, the company is expecting revenue to be between $123 million and $125 million.

The company ended the quarter with over 1.2 million customers compared to 814,160 customers  as of the end of the second quarter of 2020.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.