Lemonade, Inc. (NYSE:LMND) Director Acquires $507,599.04 in Stock

Lemonade, Inc. (NYSE:LMND) Director Maria Angelidis-Smith bought 18,512 shares of the company’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $27.42 per share, with a total value of $507,599.04. Following the completion of the acquisition, the director now owns 18,512 shares of the company’s stock, valued at $507,599.04. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Maria Angelidis-Smith also recently made the following trade(s):

• On Wednesday, November 13th, Maria Angelidis-Smith bought 15,042 shares of Lemonade stock. The shares were purchased at an average price of $33.23 per share, for a total transaction of $499,845.66.

Lemonade Stock Performance

LMND stock opened at $31.75 on Friday. Lemonade, Inc. has a 52 week low of $14.03 and a 52 week high of $34.95. The company’s 50-day simple moving average is $19.81 and its 200 day simple moving average is $18.39.

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

Institutional Investors Weigh In On Lemonade

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in shares of Lemonade during the second quarter worth about $14,181,000. General Equity Holdings LP purchased a new position in shares of Lemonade in the 2nd quarter valued at approximately $5,198,000. FMR LLC increased its position in Lemonade by 93.0% during the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after buying an additional 153,362 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Lemonade by 388.7% in the 2nd quarter. Millennium Management LLC now owns 165,689 shares of the company’s stock worth $2,734,000 after purchasing an additional 131,784 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in Lemonade during the third quarter valued at $1,571,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered shares of Lemonade from a “market perform” rating to an “underperform” rating and lifted their target price for the company from $18.00 to $21.00 in a report on Thursday, November 7th. Piper Sandler increased their price objective on shares of Lemonade from $18.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Jefferies Financial Group decreased their price objective 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. Finally, JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Lemonade in a research note on Tuesday, October 15th. Three 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, Lemonade currently has a consensus rating of “Hold” and an average target price of $21.83.

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.