Lemonade, Inc. (NYSE:LMND) Insider John Sheldon Peters Sells 1,790 Shares

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 1,790 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $45.50, for a total transaction of $81,445.00. Following the sale, the insider now directly owns 88,493 shares of the company’s stock, valued at $4,026,431.50. This represents a 1.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Lemonade Stock Down 3.9 %

Lemonade stock traded down $1.64 during trading hours on Monday, hitting $39.90. The stock had a trading volume of 1,589,037 shares, compared to its average volume of 1,826,088. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of -13.13 and a beta of 2.09. The business’s 50 day simple moving average is $34.10 and its 200-day simple moving average is $23.47. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.07. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The business had revenue of $136.60 million during the quarter, compared to analyst estimates of $129.10 million. During the same quarter last year, the business earned ($0.88) EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Research analysts anticipate that Lemonade, Inc. will post -3.04 EPS for the current fiscal year.

Institutional Trading of Lemonade

Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its position in Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock worth $45,000 after purchasing an additional 1,879 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Lemonade by 321.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock valued at $74,000 after buying an additional 3,403 shares during the period. Quest Partners LLC raised its position in shares of Lemonade by 1,647.6% during the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock worth $150,000 after acquiring an additional 8,584 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Lemonade in the second quarter worth approximately $180,000. Finally, Bristlecone Advisors LLC acquired a new position in shares of Lemonade in the third quarter worth approximately $218,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LMND shares. Morgan Stanley upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $23.00 to $42.00 in a research report on Wednesday, November 20th. BMO Capital Markets upped their target price on Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a research note on Thursday, November 21st. Jefferies Financial Group decreased their price target on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods downgraded Lemonade from a “market perform” rating to an “underperform” rating and upped their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, November 7th. Finally, JMP Securities lifted their target price on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.43.

About Lemonade

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.