John Sheldon Peters Sells 859 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider John Peters sold 859 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $54.63, for a total transaction of $46,927.17. Following the completion of the transaction, the insider owned 76,083 shares of the company’s stock, valued at $4,156,414.29. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Friday, September 4th, John Peters sold 2,249 shares of Lemonade stock. The shares were sold at an average price of $54.45, for a total transaction of $122,458.05.
• 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 Price Performance

NYSE:LMND opened at $49.27 on Thursday. The firm has a 50-day moving average of $58.13 and a two-hundred day moving average of $58.40. The stock has a market cap of $3.81 billion, a P/E ratio of -26.92 and a beta of 1.87. Lemonade, Inc. has a 1-year low of $46.16 and a 1-year high of $99.90.

Lemonade (NYSE:LMND) last announced its earnings results on Tuesday, July 28th. The company reported ($0.56) earnings per share for the quarter, meeting the consensus estimate of ($0.56). Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The company had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. During the same period last year, the firm earned ($0.60) earnings per share. The company’s revenue was up 79.4% on a year-over-year basis. As a group, equities analysts expect that Lemonade, Inc. will post -1.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen lowered Lemonade from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. UBS Group set a $75.00 price target on shares of Lemonade in a research report on Thursday, May 21st. Cantor Fitzgerald restated an “overweight” rating on shares of Lemonade in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods raised shares of Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 price target on the stock in a report on Thursday, July 30th. Finally, Piper Sandler reduced their price objective on shares of Lemonade from $75.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell 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 $64.50.

Key Headlines Impacting Lemonade

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Lemonade expanded its renters-insurance business into Kentucky, with policies starting at $5 per month. The launch broadens the company’s geographic reach and customer base, supporting its strategy of using technology to offer low-cost insurance. Lemonade Expands Renters Insurance to Kentucky
• Positive Sentiment: CEO Daniel Schreiber argued that many U.S. drivers overpay because lower-mileage customers subsidize higher-mileage drivers. The comments reinforce Lemonade’s potential competitive advantage in data-based and usage-oriented pricing, although they do not include new financial guidance. Most Drivers Are Overpaying
• Neutral Sentiment: CFO Tim Bixby is scheduled to speak at the KBW Insurance Conference on September 10. Investors may look for updates on growth, profitability, and strategy, but the announcement itself provides no change to financial guidance. Lemonade CFO to Participate in Upcoming Investor Conferences
• Negative Sentiment: Brokerages maintain a consensus “Hold” rating on LMND, indicating limited near-term conviction. The rating may restrain buying interest, particularly as Lemonade remains unprofitable and analysts expect a loss for the full year. Lemonade Given Consensus Rating of Hold
• Negative Sentiment: Insiders John Peters and Maya Prosor sold approximately $226,200 of LMND shares in recent transactions. The sales occurred under pre-arranged Rule 10b5-1 plans to cover tax withholding from vested equity awards, reducing their significance as a bearish signal, but they could still add modest selling pressure and investor caution. Lemonade Insider Selling

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in shares of Lemonade by 8,080.0% in the 4th 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 in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Lemonade during the 2nd quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. bought a new position in Lemonade during the fourth quarter worth $33,000. NewEdge Advisors LLC bought a new position in Lemonade during the first quarter worth $35,000. Finally, Strive Financial Group LLC acquired a new position in Lemonade in the fourth quarter worth $38,000. Institutional investors own 80.30% of the company’s stock.

Lemonade Company Profile

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.