Lemonade, Inc. (NYSE:LMND) Insider John Sheldon Peters Sells 6,543 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 6,543 shares of Lemonade stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $45.00, for a total transaction of $294,435.00. Following the transaction, the insider now owns 106,115 shares in the company, valued at $4,775,175. This represents a 5.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Sheldon Peters also recently made the following trade(s):

• On Tuesday, June 3rd, John Sheldon Peters sold 1,494 shares of Lemonade stock. The stock was sold at an average price of $35.25, for a total value of $52,663.50.

Lemonade Stock Performance

LMND opened at $41.13 on Thursday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -13.53 and a beta of 2.14. The firm’s fifty day moving average is $33.95 and its 200 day moving average is $34.43. Lemonade, Inc. has a fifty-two week low of $14.90 and a fifty-two week high of $53.85.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.02). Lemonade had a negative return on equity of 36.72% and a negative net margin of 38.90%. During the same period in the prior year, the company earned ($0.67) earnings per share. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, equities research analysts predict that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LMND shares. Morgan Stanley downgraded Lemonade from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $35.00 to $24.00 in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price objective on Lemonade from $25.00 to $22.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 22nd. Finally, Piper Sandler lowered their price objective on Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.17.

Hedge Funds Weigh In On Lemonade

A number of hedge funds and other institutional investors have recently modified their holdings of LMND. JPMorgan Chase & Co. boosted its holdings in shares of Lemonade by 2,627.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,349,356 shares of the company’s stock valued at $49,494,000 after purchasing an additional 1,299,891 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Lemonade by 14.9% in the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company’s stock worth $192,931,000 after buying an additional 794,952 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Lemonade in the fourth quarter worth about $22,066,000. Voloridge Investment Management LLC bought a new position in Lemonade during the fourth quarter valued at approximately $21,310,000. Finally, Two Sigma Advisers LP purchased a new position in Lemonade during the 4th quarter valued at approximately $15,412,000. Institutional investors 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.