Insider Selling: Lemonade (NYSE:LMND) Insider Sells $122,458.05 in Stock

Lemonade, Inc. (NYSE:LMNDGet Free Report) insider John Peters sold 2,249 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $54.45, for a total transaction of $122,458.05. Following the completion of the transaction, the insider directly owned 73,834 shares in the company, valued at $4,020,261.30. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Thursday, September 3rd, John Peters sold 859 shares of Lemonade stock. The shares were sold at an average price of $54.63, for a total transaction of $46,927.17.
  • On Thursday, August 13th, John Peters sold 11,000 shares of Lemonade stock. The stock was sold at an average price of $52.55, for a total transaction of $578,050.00.
  • On Monday, July 6th, John Peters sold 3,444 shares of Lemonade stock. The stock was sold at an average price of $79.00, for a total transaction of $272,076.00.

Lemonade Stock Performance

Shares of NYSE LMND opened at $49.66 on Friday. Lemonade, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $99.90. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of -27.14 and a beta of 1.87. The firm’s 50-day simple moving average is $57.69 and its 200 day simple moving average is $58.35.

Lemonade (NYSE:LMNDGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($0.56) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.56). The business had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The company’s quarterly revenue was up 79.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.60) EPS. On average, sell-side analysts predict that Lemonade, Inc. will post -1.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LMND shares. Wall Street Zen cut Lemonade from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Morgan Stanley dropped their price target on shares of Lemonade from $65.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 19th. Cantor Fitzgerald restated an “overweight” rating on shares of Lemonade in a report on Tuesday, May 26th. Piper Sandler cut their price objective on Lemonade from $75.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research note on Friday, July 17th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lemonade presently has a consensus rating of “Hold” and an average price target of $64.50.

Get Our Latest Stock Analysis on Lemonade

Institutional Investors Weigh In On Lemonade

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Lemonade by 8,080.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after acquiring an additional 404 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Lemonade during the 2nd quarter worth about $30,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Lemonade during the 4th quarter worth about $33,000. NewEdge Advisors LLC bought a new position in Lemonade in the 1st quarter worth about $35,000. Finally, Strive Financial Group LLC bought a new position in Lemonade in the 4th quarter worth about $38,000. 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.

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

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