Insider Selling: Lemonade, Inc. (NYSE:LMND) Insider Sells $1,120,849.95 in Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 28,985 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $38.67, for a total transaction of $1,120,849.95. Following the sale, the insider now directly owns 69,508 shares in the company, valued at approximately $2,687,874.36. This represents a 29.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Sheldon Peters also recently made the following trade(s):

• On Tuesday, December 3rd, John Sheldon Peters sold 1,790 shares of Lemonade stock. The stock was sold at an average price of $45.50, for a total transaction of $81,445.00.

Lemonade Price Performance

Shares of LMND stock opened at $37.95 on Monday. The stock has a market cap of $2.71 billion, a PE ratio of -12.48 and a beta of 2.17. The stock has a 50-day moving average of $38.21 and a 200-day moving average of $25.12. 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. The firm had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $129.10 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.88) earnings per share. As a group, research analysts anticipate that Lemonade, Inc. will post -3.04 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on LMND. Jefferies Financial Group lowered their price target on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, October 9th. Piper Sandler lifted their target price on Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. BMO Capital Markets upped their price target on Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research note on Thursday, November 21st. Morgan Stanley upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $23.00 to $42.00 in a research report on Wednesday, November 20th. Finally, JMP Securities increased their price objective on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.43.

Institutional Trading of Lemonade

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

Lemonade Company Profile

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.