Adina Eckstein Sells 5,988 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) COO Adina Eckstein sold 5,988 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $78.00, for a total value of $467,064.00. Following the transaction, the chief operating officer directly owned 227,987 shares of the company’s stock, valued at approximately $17,782,986. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 7th, Adina Eckstein sold 40,000 shares of Lemonade stock. The stock was sold at an average price of $73.02, for a total value of $2,920,800.00.

Lemonade Trading Down 9.3%

Lemonade stock opened at $69.82 on Friday. The company has a 50-day moving average price of $57.19 and a 200 day moving average price of $46.75. Lemonade, Inc. has a 12-month low of $24.31 and a 12-month high of $83.77. The stock has a market cap of $5.22 billion, a P/E ratio of -29.21 and a beta of 2.27.

Lemonade (NYSE:LMND) last announced its quarterly 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. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The business had revenue of $194.50 million for the quarter, compared to analyst estimates of $185.06 million. During the same quarter in the prior year, the company posted ($0.95) EPS. The company’s quarterly revenue was up 42.4% on a year-over-year basis. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current year.

Institutional Investors Weigh In On Lemonade

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. BMO Capital Markets lifted their price objective on Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a research note on Monday, August 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Lemonade from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Monday. Finally, Cantor Fitzgerald upgraded shares of Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $48.67.

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.