Should You Buy Lemonade Stock While It's Below Its IPO Price?

Lemonade initially only sold homeowners and renters insurance, but it expanded into the term life, pet health, and auto insurance markets after its IPO. It acquired Metromile in 2022 to accelerate the expansion of its auto insurance business. Like many other insurers, Lemonade offered discounts for customers who bundled together its plans. Lemonade's stock dropped below its IPO price as its growth slowed, it racked up persistent losses, and rising rates popped its bubbly valuation. Should contrarian investo ...