Lemonade (NYSE:LMND) Insider Sells $194,724.98 in Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 2,677 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $72.74, for a total transaction of $194,724.98. Following the completion of the sale, the insider owned 76,992 shares in the company, valued at $5,600,398.08. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, December 3rd, John Sheldon Peters sold 2,667 shares of Lemonade stock. The shares were sold at an average price of $72.37, for a total value of $193,010.79.
• On Monday, November 24th, John Sheldon Peters sold 3,798 shares of Lemonade stock. The stock was sold at an average price of $73.25, for a total value of $278,203.50.
• On Thursday, November 20th, John Sheldon Peters sold 18,930 shares of Lemonade stock. The shares were sold at an average price of $72.77, for a total value of $1,377,536.10.

Lemonade Stock Up 4.2%

Lemonade stock traded up $3.07 during mid-day trading on Thursday, hitting $76.66. 2,085,146 shares of the company’s stock traded hands, compared to its average volume of 2,429,089. Lemonade, Inc. has a one year low of $24.31 and a one year high of $83.77. The firm has a 50 day moving average price of $62.15 and a 200 day moving average price of $50.96. The company has a market cap of $5.73 billion, a PE ratio of -32.07 and a beta of 2.13.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.21. The company had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $185.06 million. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The company’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.95) earnings per share. On average, analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lemonade

A number of institutional investors have recently bought and sold shares of LMND. Strategic Advocates LLC purchased a new stake in Lemonade in the 3rd quarter worth approximately $33,000. CIBC Bancorp USA Inc. bought a new stake in Lemonade during the third quarter worth approximately $318,000. Advisory Services Network LLC bought a new position in Lemonade in the 3rd quarter worth $216,000. CANADA LIFE ASSURANCE Co raised its holdings in Lemonade by 11.6% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 17,769 shares of the company’s stock worth $966,000 after acquiring an additional 1,844 shares during the period. Finally, Worth Venture Partners LLC acquired a new position in Lemonade during the 3rd quarter worth $297,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on LMND. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup restated a “market outperform” rating on shares of Lemonade in a research report on Monday, November 24th. Morgan Stanley upped their price objective on Lemonade from $49.00 to $53.00 and gave the company an “underweight” rating in a report on Monday, November 17th. BMO Capital Markets lifted their target price on Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a report on Monday, August 18th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Lemonade from $35.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Lemonade has an average rating of “Hold” and an average target price of $58.57.

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.