Lemonade (NYSE:LMND) Insider Sells $92,249.95 in Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 1,735 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $92,249.95. Following the sale, the insider owned 84,994 shares of the company’s stock, valued at $4,519,130.98. This trade represents a 2.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 Thursday, June 4th, John Sheldon Peters sold 3,608 shares of Lemonade stock. The stock was sold at an average price of $52.94, for a total value of $191,007.52.

Lemonade Trading Down 0.0%

Shares of Lemonade stock opened at $51.46 on Monday. The stock has a fifty day simple moving average of $59.03 and a 200 day simple moving average of $67.43. Lemonade, Inc. has a 12-month low of $35.70 and a 12-month high of $99.90. The company has a market capitalization of $3.95 billion, a P/E ratio of -27.52 and a beta of 1.83.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.11. The business had revenue of $258.00 million during the quarter, compared to the consensus estimate of $251.51 million. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.Lemonade’s revenue was up 70.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.86) earnings per share. On average, analysts predict that Lemonade, Inc. will post -1.69 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Lemonade by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,305,453 shares of the company’s stock valued at $448,822,000 after buying an additional 26,312 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Lemonade during the 3rd quarter valued at $9,060,000. Pursue Wealth Partners LLC purchased a new position in shares of Lemonade during the 4th quarter valued at $2,814,000. Atika Capital Management LLC purchased a new position in shares of Lemonade during the 3rd quarter valued at $3,694,000. Finally, Halter Ferguson Financial Inc. lifted its position in shares of Lemonade by 4.3% during the 4th quarter. Halter Ferguson Financial Inc. now owns 600,863 shares of the company’s stock valued at $42,769,000 after buying an additional 24,957 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

LMND has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of Lemonade in a research note on Tuesday, May 26th. Morgan Stanley reduced their price objective on Lemonade from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. UBS Group set a $75.00 price objective on Lemonade in a research note on Thursday, May 21st. Keefe, Bruyette & Woods upped their price objective on Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Lemonade has an average rating of “Hold” and an average price target of $64.89.

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.