Insider Selling: Lemonade, Inc. (NYSE:LMND) Insider Sells 28,985 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 28,985 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $38.67, for a total transaction of $1,120,849.95. Following the completion of the sale, the insider now owns 69,508 shares of the company’s stock, valued at approximately $2,687,874.36. This trade represents a 29.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 Up 4.3 %

LMND stock traded up $1.56 during trading hours on Friday, hitting $37.95. The company’s stock had a trading volume of 1,819,974 shares, compared to its average volume of 1,779,737. The stock has a 50 day moving average price of $37.82 and a two-hundred day moving average price of $24.84. Lemonade, Inc. has a 12 month low of $14.03 and a 12 month high of $53.85. The company has a market capitalization of $2.71 billion, a PE ratio of -12.48 and a beta of 2.09.

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, topping 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 firm had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $129.10 million. During the same period in the prior year, the company posted ($0.88) earnings per share. Lemonade’s revenue for the quarter was up 19.3% on a year-over-year basis. Sell-side analysts expect that Lemonade, Inc. will post -3.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LMND. Jefferies Financial Group decreased their price objective on Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a research report on Wednesday, October 9th. JMP Securities raised their price target on shares of Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd. Piper Sandler boosted their price objective on shares of Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods downgraded shares of Lemonade from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $18.00 to $21.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets boosted their price target on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday, November 21st. Three research 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.43.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its holdings in shares of Lemonade by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 45,631 shares of the company’s stock worth $752,000 after buying an additional 2,017 shares during the period. Barclays PLC lifted its position in Lemonade by 292.5% during the 3rd quarter. Barclays PLC now owns 87,414 shares of the company’s stock worth $1,443,000 after acquiring an additional 65,144 shares during the last quarter. Main Management ETF Advisors LLC bought a new stake in Lemonade during the third quarter valued at about $614,000. State Street Corp boosted its holdings in Lemonade by 1.2% during the third quarter. State Street Corp now owns 1,233,662 shares of the company’s stock valued at $20,343,000 after acquiring an additional 14,028 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its position 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 purchasing an additional 3,403 shares during the last quarter. 80.30% of the stock is owned by institutional investors.

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.