Lemonade (NYSE:LMND) Insider Sells $46,927.17 in Stock

Lemonade, Inc. (NYSE:LMND) insider John Peters sold 859 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $54.63, for a total transaction of $46,927.17. Following the completion of the transaction, the insider directly owned 76,083 shares of the company’s stock, valued at approximately $4,156,414.29. The trade was a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Sheldon Peters also recently made the following trade(s):

• On Friday, September 4th, John Peters sold 2,249 shares of Lemonade stock. The stock was sold at an average price of $54.45, for a total value of $122,458.05.
• On Thursday, August 13th, John Peters sold 11,000 shares of Lemonade stock. The shares were sold at an average price of $52.55, for a total value of $578,050.00.
• On Monday, July 6th, John Peters sold 3,444 shares of Lemonade stock. The shares were sold at an average price of $79.00, for a total value of $272,076.00.

Lemonade Price Performance

NYSE:LMND opened at $49.66 on Friday. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -27.14 and a beta of 1.87. The business has a 50 day simple moving average of $57.69 and a 200-day simple moving average of $58.35. Lemonade, Inc. has a 1 year low of $46.16 and a 1 year high of $99.90.

Lemonade (NYSE:LMND) last released its earnings results on Tuesday, July 28th. The company reported ($0.56) earnings per share for the quarter, meeting the consensus estimate of ($0.56). The firm had revenue of $294.40 million for the quarter, compared to the consensus estimate of $291.01 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The company’s revenue for the quarter was up 79.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.60) EPS. As a group, analysts expect that Lemonade, Inc. will post -1.85 earnings per share for the current fiscal year.

Institutional Trading of Lemonade

A number of hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new stake in Lemonade in the second quarter worth about $1,229,000. Integrated Wealth Concepts LLC purchased a new position in Lemonade during the 2nd quarter valued at about $128,000. NewEdge Advisors LLC increased its position in Lemonade by 9.7% during the 2nd quarter. NewEdge Advisors LLC now owns 7,041 shares of the company’s stock valued at $458,000 after purchasing an additional 621 shares during the period. Baird Financial Group Inc. bought a new stake in shares of Lemonade in the 2nd quarter valued at about $3,529,000. Finally, Arizona State Retirement System raised its holdings in shares of Lemonade by 3.7% in the 2nd quarter. Arizona State Retirement System now owns 17,915 shares of the company’s stock valued at $1,165,000 after purchasing an additional 646 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research note on Friday, July 17th. Morgan Stanley decreased their price objective on shares of Lemonade from $65.00 to $56.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. Wall Street Zen lowered Lemonade from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. TD Cowen reaffirmed a “hold” rating on shares of Lemonade in a research note on Monday, June 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Lemonade in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.50.

Lemonade Company Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.