Lemonade, Inc. (NYSE:LMND) Insider John Sheldon Peters Sells 1,790 Shares

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 1,790 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $45.50, for a total value of $81,445.00. Following the completion of the transaction, the insider now directly owns 88,493 shares of the company’s stock, valued at $4,026,431.50. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lemonade Stock Performance

NYSE LMND opened at $41.27 on Wednesday. The company has a market capitalization of $2.95 billion, a P/E ratio of -13.58 and a beta of 2.08. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $53.85. The company has a fifty day moving average of $34.55 and a 200-day moving average of $23.64.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. The firm 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 company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.88) EPS. As a group, analysts forecast that Lemonade, Inc. will post -3.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on LMND shares. Keefe, Bruyette & Woods downgraded Lemonade from a “market perform” rating to an “underperform” rating and raised their target price for the stock from $18.00 to $21.00 in a research note on Thursday, November 7th. Piper Sandler boosted their price objective on shares of Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $23.00 to $42.00 in a report on Wednesday, November 20th. Jefferies Financial Group decreased their price target on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, October 9th. Finally, JMP Securities lifted their price objective on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given 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 $30.43.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of Lemonade by 220.0% in the 3rd 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Lemonade by 321.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after purchasing an additional 3,403 shares during the last quarter. Quest Partners LLC boosted its position in Lemonade by 1,647.6% during the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock valued at $150,000 after buying an additional 8,584 shares during the period. Concurrent Investment Advisors LLC purchased a new position in shares of Lemonade in the second quarter worth about $180,000. Finally, Bristlecone Advisors LLC bought a new stake in shares of Lemonade in the 3rd quarter valued at about $218,000. 80.30% of the stock is 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.