Lemonade (NYSE:LMND) Insider Sells $191,007.52 in Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 3,608 shares of Lemonade stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $52.94, for a total value of $191,007.52. Following the sale, the insider owned 81,386 shares in the company, valued at $4,308,574.84. This represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, June 3rd, John Sheldon Peters sold 1,735 shares of Lemonade stock. The stock was sold at an average price of $53.17, for a total value of $92,249.95.

Lemonade Stock Down 0.0%

LMND stock opened at $51.46 on Monday. Lemonade, Inc. has a 52-week low of $35.70 and a 52-week high of $99.90. The stock’s 50 day moving average is $59.03 and its two-hundred day moving average is $67.43. The company has a market capitalization of $3.95 billion, a PE ratio of -27.52 and a beta of 1.83.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.11. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $251.51 million. During the same period in the previous year, the business earned ($0.86) EPS. Lemonade’s revenue for the quarter was up 70.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lemonade, Inc. will post -1.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LMND. Piper Sandler lowered their price target on Lemonade from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a report on Tuesday, April 21st. Keefe, Bruyette & Woods boosted their price target on Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a report on Tuesday, February 24th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Lemonade in a report on Tuesday, May 26th. Finally, UBS Group set a $75.00 price target on Lemonade in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.89.

Institutional Investors Weigh In On Lemonade

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in Lemonade by 8,080.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after buying an additional 404 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Lemonade in the fourth quarter valued at $33,000. Torren Management LLC bought a new stake in Lemonade in the fourth quarter valued at $35,000. Strive Financial Group LLC bought a new stake in Lemonade in the fourth quarter valued at $38,000. Finally, Strategic Advocates LLC bought a new stake in Lemonade in the third quarter valued at $33,000. 80.30% of the stock is currently owned by institutional investors.

Lemonade Company Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.