Maria Angelidis-Smith Purchases 18,512 Shares of Lemonade, Inc. (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) Director Maria Angelidis-Smith purchased 18,512 shares of Lemonade stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $27.42 per share, for a total transaction of $507,599.04. Following the transaction, the director now owns 18,512 shares in the company, valued at $507,599.04. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Maria Angelidis-Smith also recently made the following trade(s):

• On Wednesday, November 13th, Maria Angelidis-Smith purchased 15,042 shares of Lemonade stock. The stock was bought at an average cost of $33.23 per share, with a total value of $499,845.66.

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 twelve month low of $14.03 and a twelve month high of $34.95.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. The business had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $129.10 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.88) earnings per share. As a group, equities analysts predict that Lemonade, Inc. will post -3.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LMND. Jefferies Financial Group decreased their price target on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, October 9th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Lemonade in a research report on Tuesday, October 15th. Piper Sandler raised their price target on Lemonade from $18.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lowered Lemonade from a “market perform” rating to an “underperform” rating and lifted their price target for the company from $18.00 to $21.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Lemonade presently has an average rating of “Hold” and a consensus price target of $21.83.

Institutional Investors Weigh In On Lemonade

Several hedge funds and other institutional investors have recently modified their holdings of LMND. Blue Trust Inc. lifted its position in Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock worth $45,000 after acquiring an additional 1,879 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in 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 acquiring an additional 3,403 shares during the last quarter. Quest Partners LLC raised its position in Lemonade by 1,647.6% in the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock valued at $150,000 after purchasing an additional 8,584 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in shares of Lemonade during the second quarter worth $180,000. Finally, Bristlecone Advisors LLC purchased a new stake in shares of Lemonade during the third quarter worth $218,000. 80.30% of the stock is currently owned by hedge funds and other 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.