John Sheldon Peters Sells 2,667 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 2,667 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $72.37, for a total transaction of $193,010.79. Following the completion of the sale, the insider directly owned 74,325 shares of the company’s stock, valued at $5,378,900.25. The trade was a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, December 2nd, John Sheldon Peters sold 2,677 shares of Lemonade stock. The stock was sold at an average price of $72.74, for a total value of $194,724.98.
• On Monday, November 24th, John Sheldon Peters sold 3,798 shares of Lemonade stock. The shares were sold at an average price of $73.25, for a total transaction of $278,203.50.
• On Thursday, November 20th, John Sheldon Peters sold 18,930 shares of Lemonade stock. The stock was sold at an average price of $72.77, for a total value of $1,377,536.10.

Lemonade Stock Performance

NYSE:LMND opened at $78.97 on Friday. The business has a fifty day moving average of $63.18 and a 200-day moving average of $51.46. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -33.04 and a beta of 2.13. Lemonade, Inc. has a 1 year low of $24.31 and a 1 year high of $83.77.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LMND. Keefe, Bruyette & Woods boosted their price objective on shares of Lemonade from $35.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald raised Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. JMP Securities set a $80.00 target price on Lemonade in a report on Monday, November 24th. Citizens Jmp increased their target price on shares of Lemonade from $60.00 to $80.00 and gave the company a “market outperform” rating in a research note on Monday, November 24th. Finally, Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.57.

Institutional Investors Weigh In On Lemonade

Several large investors have recently modified their holdings of LMND. Bayforest Capital Ltd acquired a new stake in shares of Lemonade in the third quarter valued at approximately $25,000. Strategic Advocates LLC acquired a new position in shares of Lemonade during the 3rd quarter worth about $33,000. SVB Wealth LLC bought a new stake in Lemonade in the first quarter valued at approximately $26,000. Estabrook Capital Management bought a new stake in Lemonade in the 2nd quarter valued at $44,000. Finally, Tsfg LLC acquired a new stake in shares of Lemonade during the 3rd quarter worth about $54,000. 80.30% of the stock is currently owned by 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.