John Sheldon Peters Sells 3,608 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMNDGet Free Report) insider John Sheldon Peters sold 3,608 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $52.94, for a total transaction of $191,007.52. Following the transaction, the insider directly owned 81,386 shares of the company’s stock, valued at $4,308,574.84. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 shares were sold at an average price of $53.17, for a total transaction of $92,249.95.

Lemonade Stock Performance

LMND opened at $51.46 on Friday. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -27.52 and a beta of 1.83. The company has a fifty day moving average of $59.03 and a 200 day moving average of $67.43. Lemonade, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $99.90.

Lemonade (NYSE:LMNDGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.11. The company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $251.51 million. Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. Lemonade’s quarterly revenue was up 70.6% on a year-over-year basis. During the same period last year, the company posted ($0.86) earnings per share. On average, equities research analysts forecast that Lemonade, Inc. will post -1.69 earnings per share for the current year.

Wall Street Analyst Weigh In

LMND has been the subject of several research analyst reports. UBS Group set a $75.00 target price on shares of Lemonade in a research note on Thursday, May 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research note on Tuesday, April 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of Lemonade in a research note on Tuesday, May 26th. Morgan Stanley dropped their price objective on shares of Lemonade from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.89.

Check Out Our Latest Report on LMND

Hedge Funds Weigh In On Lemonade

A number of institutional investors and hedge funds have recently made changes to their positions in LMND. AQR Capital Management LLC grew its stake in shares of Lemonade by 107.3% in the 1st quarter. AQR Capital Management LLC now owns 30,490 shares of the company’s stock worth $958,000 after buying an additional 15,779 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Lemonade by 255.2% in the 1st quarter. Millennium Management LLC now owns 329,934 shares of the company’s stock worth $10,370,000 after acquiring an additional 237,044 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Lemonade in the 1st quarter worth about $35,000. Goldman Sachs Group Inc. lifted its holdings in shares of Lemonade by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,292 shares of the company’s stock worth $19,244,000 after acquiring an additional 41,759 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Lemonade in the 2nd quarter worth about $307,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Lemonade Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Lemonade (NYSE:LMND)

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