John Sheldon Peters Sells 3,444 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 3,444 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $79.00, for a total value of $272,076.00. Following the completion of the transaction, the insider directly owned 77,942 shares in the company, valued at $6,157,418. The trade was a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, June 4th, John Sheldon Peters sold 3,608 shares of Lemonade stock. The stock was sold at an average price of $52.94, for a total value of $191,007.52.
• On Wednesday, June 3rd, John Sheldon Peters sold 1,735 shares of Lemonade stock. The shares were sold at an average price of $53.17, for a total value of $92,249.95.

Lemonade Price Performance

Shares of NYSE LMND opened at $70.26 on Friday. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of -37.57 and a beta of 1.79. The stock’s fifty day moving average price is $58.73 and its two-hundred day moving average price is $65.09. Lemonade, Inc. has a one year low of $35.70 and a one year high of $99.90.

Lemonade (NYSE:LMND) last posted its earnings results on Tuesday, April 28th. The company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $251.51 million. During the same quarter last year, the firm earned ($0.86) earnings per share. The company’s revenue was up 70.6% on a year-over-year basis. On average, equities analysts anticipate that Lemonade, Inc. will post -1.71 earnings per share for the current fiscal year.

Key Headlines Impacting Lemonade

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Lemonade to $48, which signals some improved confidence in the company’s outlook even though the firm kept an underperform rating. Lemonade Price Target Raised to $48.00 at Keefe, Bruyette & Woods
• Positive Sentiment: Morgan Stanley reaffirmed its equal weight rating and maintained a $75 price target, suggesting the stock still has some upside potential from current levels. Lemonade Receives Equal Weight Rating from Morgan Stanley
• Positive Sentiment: Lemonade’s recent earnings results showed revenue growth of 70.6% year over year and an EPS beat versus expectations, reinforcing the company’s top-line momentum. Lemonade Stock Performance and Earnings
• Neutral Sentiment: Analysts continue to be split on the name, with a consensus rating of Hold and a consensus target near $65.33, reflecting uncertainty after the stock’s strong run. Lemonade Analyst Ratings
• Negative Sentiment: Insider John Sheldon Peters sold 3,444 shares, adding to recent insider selling and potentially weighing on investor sentiment. Lemonade Insider Sale
• Negative Sentiment: Commentary from The Motley Fool said the stock is no longer a buy after its sharp rally, arguing that the recent move has left Lemonade looking more fairly valued than undervalued. Why Lemonade Stock Wilted by Almost 9% on Wednesday

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citizens Jmp decreased their target price on shares of Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $75.00 price target on shares of Lemonade in a research note on Wednesday. Truist Financial reduced their price target on Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods raised their price objective on Lemonade from $44.00 to $48.00 and gave the stock an “underperform” rating in a research note on Wednesday. Finally, TD Cowen reaffirmed a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.33.

Institutional Trading of Lemonade

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. increased its holdings in shares of Lemonade by 3.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,671 shares of the company’s stock worth $261,000 after buying an additional 121 shares in the last quarter. Watershed Private Wealth LLC grew its position in Lemonade by 1.7% during the 4th quarter. Watershed Private Wealth LLC now owns 8,310 shares of the company’s stock worth $592,000 after acquiring an additional 140 shares during the last quarter. AQR Capital Management LLC increased its holdings in Lemonade by 0.7% in the 4th quarter. AQR Capital Management LLC now owns 21,569 shares of the company’s stock worth $1,535,000 after purchasing an additional 159 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Lemonade by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,431 shares of the company’s stock worth $600,000 after purchasing an additional 219 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Lemonade by 7.2% in the fourth quarter. GAMMA Investing LLC now owns 3,529 shares of the company’s stock valued at $251,000 after purchasing an additional 236 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

About Lemonade

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.