Maya Prosor Sells 1,220 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMNDGet Free Report) insider Maya Prosor sold 1,220 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $64,867.40. Following the completion of the transaction, the insider directly owned 187,573 shares of the company’s stock, valued at $9,973,256.41. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lemonade Stock Down 0.2%

Shares of LMND opened at $51.46 on Friday. The stock has a 50 day moving average price of $59.03 and a 200 day moving average price of $67.43. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -27.52 and a beta of 1.83. Lemonade, Inc. has a 52-week low of $35.70 and a 52-week high of $99.90.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LMND. UBS Group set a $75.00 price target on Lemonade in a report on Thursday, May 21st. Morgan Stanley lowered their price target on Lemonade from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a report on Tuesday, April 21st. Keefe, Bruyette & Woods raised their target price on shares of Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 24th. Finally, Truist Financial cut their target price on shares of Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.89.

View Our Latest Stock Analysis on LMND

Hedge Funds Weigh In On Lemonade

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised 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 valued at $29,000 after acquiring an additional 404 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Lemonade during the 4th quarter worth $33,000. Torren Management LLC purchased a new position in Lemonade during the 4th quarter worth $35,000. Strive Financial Group LLC purchased a new position in Lemonade during the 4th quarter worth $38,000. Finally, Strategic Advocates LLC purchased a new position in Lemonade during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

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.

Featured Articles

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

Receive News & Ratings for Lemonade Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lemonade and related companies with MarketBeat.com's FREE daily email newsletter.