Insider Selling: Lemonade, Inc. (NYSE:LMND) Insider Sells 1,790 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 1,790 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $45.50, for a total value of $81,445.00. Following the transaction, the insider now owns 88,493 shares of the company’s stock, valued at approximately $4,026,431.50. This trade represents a 1.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Lemonade Trading Down 3.9 %

Shares of LMND traded down $1.64 during midday trading on Monday, reaching $39.90. The stock had a trading volume of 1,589,037 shares, compared to its average volume of 1,826,088. The firm has a market cap of $2.85 billion, a PE ratio of -13.13 and a beta of 2.09. The firm has a 50 day simple moving average of $34.10 and a 200-day simple moving average of $23.47. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. The business had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $129.10 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. Lemonade’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.88) earnings per share. As a group, research analysts forecast that Lemonade, Inc. will post -3.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Lemonade

A number of large investors have recently added to or reduced their stakes in LMND. Concurrent Investment Advisors LLC acquired a new position in shares of Lemonade in the second quarter valued at about $180,000. Van ECK Associates Corp increased its holdings in shares of Lemonade by 12.1% during the second quarter. Van ECK Associates Corp now owns 17,774 shares of the company’s stock worth $293,000 after purchasing an additional 1,915 shares during the period. American Century Companies Inc. raised its position in shares of Lemonade by 12.7% in the second quarter. American Century Companies Inc. now owns 86,757 shares of the company’s stock valued at $1,431,000 after buying an additional 9,793 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lemonade by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 64,665 shares of the company’s stock valued at $1,067,000 after buying an additional 5,778 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in Lemonade during the second quarter worth approximately $269,000. Institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods cut Lemonade from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $18.00 to $21.00 in a research note on Thursday, November 7th. Jefferies Financial Group reduced their target price on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, October 9th. BMO Capital Markets lifted their price target on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research note on Thursday, November 21st. Piper Sandler increased their price objective on shares of Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley raised Lemonade from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $23.00 to $42.00 in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lemonade has an average rating of “Hold” and a consensus price target of $30.43.

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.