Lemonade (NYSE:LMND) Insider John Sheldon Peters Sells 2,667 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 2,667 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $72.37, for a total transaction of $193,010.79. Following the sale, the insider owned 74,325 shares of the company’s stock, valued at approximately $5,378,900.25. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, December 2nd, John Sheldon Peters sold 2,677 shares of Lemonade stock. The shares were sold at an average price of $72.74, for a total transaction of $194,724.98.
• On Monday, November 24th, John Sheldon Peters sold 3,798 shares of Lemonade stock. The stock was sold at an average price of $73.25, for a total transaction of $278,203.50.
• On Thursday, November 20th, John Sheldon Peters sold 18,930 shares of Lemonade stock. The stock was sold at an average price of $72.77, for a total value of $1,377,536.10.

Lemonade Stock Performance

Shares of LMND stock traded up $0.80 during trading hours on Friday, reaching $77.60. The company had a trading volume of 385,169 shares, compared to its average volume of 2,419,288. The company has a market capitalization of $5.80 billion, a P/E ratio of -32.43 and a beta of 2.13. Lemonade, Inc. has a twelve month low of $24.31 and a twelve month high of $83.77. The stock’s fifty day simple moving average is $62.63 and its 200 day simple moving average is $51.14.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.21. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The firm had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $185.06 million. During the same quarter in the prior year, the business earned ($0.95) EPS. Lemonade’s quarterly revenue was up 42.4% compared to the same quarter last year. As a group, equities analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Titleist Asset Management LLC increased its holdings in shares of Lemonade by 4.1% in the 3rd quarter. Titleist Asset Management LLC now owns 4,832 shares of the company’s stock valued at $259,000 after acquiring an additional 189 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Lemonade by 4.0% in the second quarter. Ameritas Investment Partners Inc. now owns 5,683 shares of the company’s stock worth $249,000 after purchasing an additional 220 shares during the period. CWM LLC increased its stake in Lemonade by 9.9% during the third quarter. CWM LLC now owns 2,518 shares of the company’s stock valued at $135,000 after purchasing an additional 227 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Lemonade by 30.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock valued at $45,000 after purchasing an additional 243 shares during the last quarter. Finally, Watershed Private Wealth LLC raised its holdings in shares of Lemonade by 4.9% during the third quarter. Watershed Private Wealth LLC now owns 8,170 shares of the company’s stock worth $437,000 after purchasing an additional 380 shares during the period. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LMND. Cantor Fitzgerald upgraded shares of Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. JMP Securities set a $80.00 target price on Lemonade in a research report on Monday, November 24th. Morgan Stanley increased their price target on Lemonade from $49.00 to $53.00 and gave the company an “underweight” rating in a report on Monday, November 17th. Wall Street Zen upgraded Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Piper Sandler dropped their price objective on Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $58.57.

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.