Lemonade, Inc. (NYSE:LMND) COO Sells $1,182,200.00 in Stock

Lemonade, Inc. (NYSE:LMND) COO Adina Eckstein sold 23,644 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.00, for a total value of $1,182,200.00. Following the transaction, the chief operating officer now owns 189,653 shares in the company, valued at $9,482,650. The trade was a 11.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, November 19th, Adina Eckstein sold 23,644 shares of Lemonade stock. The shares were sold at an average price of $40.00, for a total value of $945,760.00.

Lemonade Stock Down 4.5 %

Lemonade stock traded down $2.29 during mid-day trading on Friday, hitting $48.07. 1,639,569 shares of the company’s stock traded hands, compared to its average volume of 1,756,962. Lemonade, Inc. has a one year low of $14.03 and a one year high of $52.22. The company has a market cap of $3.43 billion, a PE ratio of -16.57 and a beta of 1.68. The firm has a 50 day moving average price of $22.36 and a 200 day moving average price of $19.29.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) earnings per share for the quarter, topping the consensus estimate of ($1.02) by $0.07. The business had revenue of $136.60 million during the quarter, compared to the consensus estimate of $129.10 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.88) earnings per share. On average, analysts expect that Lemonade, Inc. will post -3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday. JMP Securities lifted their price target on shares of Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Friday. Keefe, Bruyette & Woods lowered shares of Lemonade from a “market perform” rating to an “underperform” rating and increased their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, November 7th. Jefferies Financial Group lowered their price target on Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, October 9th. Finally, Piper Sandler raised their target price on Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.43.

Institutional Investors Weigh In On Lemonade

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its position in Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock worth $45,000 after purchasing an additional 1,879 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Lemonade by 321.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock valued at $74,000 after purchasing an additional 3,403 shares in the last quarter. Quest Partners LLC boosted its position in shares of Lemonade by 1,647.6% in the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock worth $150,000 after buying an additional 8,584 shares during the period. Concurrent Investment Advisors LLC purchased a new position in shares of Lemonade during the second quarter valued at $180,000. Finally, Bristlecone Advisors LLC acquired a new position in Lemonade during the third quarter valued at $218,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

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.