Lemonade (NYSE:LMND) COO Sells $2,920,800.00 in Stock

Lemonade, Inc. (NYSE:LMND) COO Adina Eckstein sold 40,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $73.02, for a total transaction of $2,920,800.00. Following the completion of the transaction, the chief operating officer owned 227,987 shares in the company, valued at $16,647,610.74. This represents a 14.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adina Eckstein also recently made the following trade(s):

• On Monday, November 10th, Adina Eckstein sold 5,988 shares of Lemonade stock. The shares were sold at an average price of $78.00, for a total transaction of $467,064.00.

Lemonade Stock Down 3.0%

Shares of Lemonade stock traded down $2.39 during trading hours on Wednesday, hitting $76.75. 3,646,877 shares of the company’s stock traded hands, compared to its average volume of 2,431,449. Lemonade, Inc. has a twelve month low of $24.31 and a twelve month high of $83.77. The company has a market cap of $5.74 billion, a PE ratio of -32.11 and a beta of 2.27. The stock has a 50 day simple moving average of $56.27 and a 200-day simple moving average of $46.38.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.21. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The firm had revenue of $194.50 million during the quarter, compared to the consensus estimate of $185.06 million. During the same quarter in the prior year, the business posted ($0.95) earnings per share. Lemonade’s revenue for the quarter was up 42.4% on a year-over-year basis. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LMND. BMO Capital Markets raised their price target on shares of Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, August 18th. Piper Sandler reduced their price objective on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Cantor Fitzgerald raised shares of Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Morgan Stanley increased their price target on shares of Lemonade from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lemonade presently has a consensus rating of “Reduce” and an average price target of $48.67.

Institutional Trading of Lemonade

A number of institutional investors and hedge funds have recently made changes to their positions in LMND. Titleist Asset Management LLC grew its position in shares of Lemonade by 4.1% during the third quarter. Titleist Asset Management LLC now owns 4,832 shares of the company’s stock worth $259,000 after acquiring an additional 189 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Lemonade by 4.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,683 shares of the company’s stock valued at $249,000 after purchasing an additional 220 shares during the period. CWM LLC grew its position in Lemonade by 9.9% in the 3rd quarter. CWM LLC now owns 2,518 shares of the company’s stock worth $135,000 after purchasing an additional 227 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Lemonade by 30.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock valued at $45,000 after purchasing an additional 243 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Lemonade by 3.6% in the first quarter. Nisa Investment Advisors LLC now owns 11,020 shares of the company’s stock valued at $346,000 after purchasing an additional 380 shares during the period. 80.30% of the stock is currently 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.