Insider Selling: Lemonade (NYSE:LMND) COO Sells 40,000 Shares of Stock

Lemonade, Inc. (NYSE:LMND) COO Adina Eckstein sold 40,000 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $73.02, for a total transaction of $2,920,800.00. Following the completion of the transaction, the chief operating officer owned 227,987 shares of the company’s stock, valued at $16,647,610.74. This represents a 14.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Adina Eckstein also recently made the following trade(s):

• On Monday, November 10th, Adina Eckstein sold 5,988 shares of Lemonade stock. The stock was sold at an average price of $78.00, for a total transaction of $467,064.00.

Lemonade Stock Down 3.0%

NYSE LMND traded down $2.39 on Wednesday, reaching $76.75. 3,646,877 shares of the stock traded hands, compared to its average volume of 2,431,449. Lemonade, Inc. has a 12 month low of $24.31 and a 12 month high of $83.77. The company has a market cap of $5.74 billion, a price-to-earnings ratio of -32.11 and a beta of 2.27. The firm’s fifty day simple moving average is $56.27 and its 200 day simple moving average is $46.38.

Lemonade (NYSE:LMND) last released its earnings results on Wednesday, November 5th. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.21. The business had revenue of $194.50 million during the quarter, compared to analyst estimates of $185.06 million. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The business’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.95) earnings per share. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LMND. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price target on shares of Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a report on Monday, August 18th. Morgan Stanley increased their price objective on Lemonade from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Piper Sandler reduced their price objective on Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Lemonade presently has an average rating of “Reduce” and an average price target of $48.67.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in Lemonade during the first quarter worth $246,000. Bank of New York Mellon Corp lifted its holdings in shares of Lemonade by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 153,682 shares of the company’s stock worth $4,830,000 after acquiring an additional 2,496 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Lemonade by 3.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 11,020 shares of the company’s stock valued at $346,000 after acquiring an additional 380 shares in the last quarter. CWM LLC increased its stake in Lemonade by 30.2% in the first quarter. CWM LLC now owns 2,813 shares of the company’s stock valued at $88,000 after acquiring an additional 653 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Lemonade in the first quarter worth about $711,000. 80.30% of the stock is currently 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.