Lemonade, Inc. (NYSE:LMND) Insider Sells $81,445.00 in Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 1,790 shares of the firm’s stock in a transaction that occurred on 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 approximately $4,026,431.50. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Lemonade Price Performance

Shares of NYSE:LMND opened at $41.27 on Thursday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -13.58 and a beta of 2.08. The company has a 50 day moving average of $35.44 and a 200-day moving average of $23.94. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85.

Lemonade (NYSE:LMND) last announced 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 for 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 period last year, the firm earned ($0.88) earnings per share. Equities research analysts anticipate that Lemonade, Inc. will post -3.04 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Lemonade

Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Lemonade by 1.2% in the third quarter. State Street Corp now owns 1,233,662 shares of the company’s stock valued at $20,343,000 after purchasing an additional 14,028 shares during the last quarter. Marshall Wace LLP bought a new position in Lemonade in the second quarter valued at $14,181,000. Landscape Capital Management L.L.C. increased its stake in Lemonade by 17.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock valued at $5,308,000 after buying an additional 48,260 shares during the last quarter. FMR LLC lifted its position in Lemonade by 93.0% during the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock worth $5,249,000 after buying an additional 153,362 shares in the last quarter. Finally, General Equity Holdings LP acquired a new position in shares of Lemonade during the 2nd quarter worth about $5,198,000. 80.30% of the stock is owned by institutional investors and hedge funds.

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.