Maya Prosor Sells 20,000 Shares of Lemonade, Inc. (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider Maya Prosor sold 20,000 shares of Lemonade stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the insider now directly owns 59,286 shares of the company’s stock, valued at approximately $1,778,580. This trade represents a 25.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Lemonade Stock Performance

NYSE:LMND opened at $31.75 on Friday. The stock’s 50-day moving average is $19.81 and its 200-day moving average is $18.39. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $34.95.

Lemonade (NYSE:LMND) last announced its quarterly earnings results 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. 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 company’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.88) EPS. On average, research analysts forecast that Lemonade, Inc. will post -3.05 earnings per share for the current year.

Institutional Trading of Lemonade

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LMND. Marshall Wace LLP bought a new stake in shares of Lemonade in the 2nd quarter valued at $14,181,000. Landscape Capital Management L.L.C. boosted its position in Lemonade by 17.6% during the third quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock valued at $5,308,000 after acquiring an additional 48,260 shares during the last quarter. FMR LLC grew its holdings 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 acquiring an additional 153,362 shares during the period. General Equity Holdings LP acquired a new position in shares of Lemonade in the 2nd quarter valued at about $5,198,000. Finally, GSA Capital Partners LLP boosted its position in shares of Lemonade by 31.0% during the 3rd quarter. GSA Capital Partners LLP now owns 180,916 shares of the company’s stock valued at $2,983,000 after purchasing an additional 42,822 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

LMND has been the topic of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of Lemonade in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods lowered Lemonade from a “market perform” rating to an “underperform” rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Thursday, November 7th. Piper Sandler raised their price target on Lemonade from $18.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group dropped their price objective on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.83.

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.