John Sheldon Peters Sells 28,985 Shares of Lemonade, Inc. (NYSE:LMND) Stock

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

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 shares were sold at an average price of $45.50, for a total value of $81,445.00.

Lemonade Stock Performance

Shares of NYSE:LMND opened at $37.95 on Monday. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $53.85. The company has a market capitalization of $2.71 billion, a P/E ratio of -12.48 and a beta of 2.17. The company has a 50-day simple moving average of $38.21 and a 200 day simple moving average of $25.12.

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

Hedge Funds Weigh In On Lemonade

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMND. FMR LLC raised its position in shares of Lemonade by 93.0% in the third quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after purchasing an additional 153,362 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Lemonade by 99.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company’s stock valued at $903,000 after buying an additional 27,265 shares during the last quarter. Verition Fund Management LLC bought a new position in Lemonade in the 3rd quarter valued at about $1,571,000. GSA Capital Partners LLP lifted its position in Lemonade by 31.0% during the third quarter. GSA Capital Partners LLP now owns 180,916 shares of the company’s stock worth $2,983,000 after acquiring an additional 42,822 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Lemonade by 1,549.0% during the third quarter. International Assets Investment Management LLC now owns 19,673 shares of the company’s stock worth $324,000 after acquiring an additional 18,480 shares during the period. 80.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday, November 21st. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $42.00 in a research report on Wednesday, November 20th. JMP Securities raised their price objective on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Piper Sandler upped their target price on Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods cut Lemonade from a “market perform” rating to an “underperform” rating and increased their price target for the company from $18.00 to $21.00 in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.