Lemonade, Inc. (NYSE:LMND) Director Purchases $499,845.66 in Stock

Lemonade, Inc. (NYSE:LMND) Director Maria Angelidis-Smith acquired 15,042 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average price of $33.23 per share, with a total value of $499,845.66. Following the acquisition, the director now owns 33,554 shares in the company, valued at $1,114,999.42. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 8th, Maria Angelidis-Smith acquired 18,512 shares of Lemonade stock. The shares were acquired at an average price of $27.42 per share, with a total value of $507,599.04.

Lemonade Price Performance

Shares of NYSE:LMND opened at $31.99 on Thursday. The business’s 50-day moving average is $19.81 and its 200 day moving average is $18.39. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $34.95. The firm has a market capitalization of $2.28 billion, a P/E ratio of -10.52 and a beta of 1.68.

Lemonade (NYSE:LMND) last announced its earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.02) by $0.07. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The company had revenue of $136.60 million for the quarter, compared to analyst estimates of $129.10 million. During the same period in the prior year, the company posted ($0.88) EPS. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, analysts expect that Lemonade, Inc. will post -3.05 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LMND. Blue Trust Inc. increased its holdings in shares of Lemonade by 220.0% in the third quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after purchasing an additional 1,879 shares during the period. Quest Partners LLC increased its holdings in shares of 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 acquired a new position in shares of Lemonade in the second quarter valued at about $180,000. Bristlecone Advisors LLC acquired a new position in shares of Lemonade in the third quarter valued at about $218,000. Finally, Headlands Technologies LLC acquired a new position in shares of Lemonade in the first quarter valued at about $231,000. 80.30% of the stock is 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.