MILE News and Press, Metromile Inc.

Lemonade ( NYSE: LMND ) shares are inching down 1.2% in Monday premarket trading after Piper Sandler analyst Arvind Ramnani downgraded the insurer to Neutral from Overweight. Ramnani pointed out that risks of Lemonade's ( LMND ) "prolonged timeline to profitability...

Lemonade is an AI-powered insurance company that’s looking to disrupt a multi-trillion dollar industry. Shares have fallen by an astonishing 90% from their 2021 high. Clearly, the market can’t decide if Lemonade is going to transform the industry or spend its way int...

After rejecting two prior offers from Prologis, Duke Realty entered into a definitive agreement to be acquired by Prologis in an all-stock deal valued at $26 billion. Continental Resources received a non-binding proposal from its founder, Harold Hamm, to acquire all outstanding shares...

In an all-stock deal, the tech insurance company Lemonade (NYSE: LMND) will soon acquire the pay-per-mile car insurance company Metromile (NASDAQ: MILE) . CEOs of both companies recently reiterated expectations that the deal will close by the end of the second quarter, meani...

Lemonade's share price is down 69% from its IPO price and 49% in 2022 alone, resulting in a market cap around $400m below their Series D valuation in April 2019. In Q1 2022, Lemonade reported strong top-line growth and another quarter of 20%+ growth in premium per customer due to cros...

Eight new deals announced last week. Chicken Soup acquires Redbox in a 'take-under' at a massive discount. Following Elon Musk's tweet last week, stating that the Twitter deal is temporarily on hold, Twitter shares fell as low as $40.01 on Friday, May 13, 2022. For further d...

Metromile press release (NASDAQ:MILE): Q1 GAAP EPS of -$0.27. Revenue of $20.7M (+19.8% Y/Y). "Loss ratios remained elevated during the quarter as industrywide inflation in costs for bodily injury and physical damage claims persisted, but we continue to believe our rate filings will begin to ...

SAN FRANCISCO, May 10, 2022 (GLOBE NEWSWIRE) -- Metromile, Inc. (“Metromile”) (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced financial results for the first quarter 2022 on its website. The results are accessible on M...

We had a dour outlook on Lemonade on longer term timeframes. The stock has struggled since then, but then, which stock has not struggled recently? We looked at the recently released results to see if Lemonade was showing some signs of its promised superior underwriting. For ...

Two of the three new deals announced last week were potential deals in the works. Black Knight entered into a definitive agreement to be acquired by Intercontinental Exchange in a deal valued at $13.1 billion. Welltower made a nearly $5 billion all-cash bid for Healthcare Realty T...