Insider Selling: Lemonade (NYSE:LMND) Insider Sells 10,000 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the insider owned 60,771 shares of the company’s stock, valued at approximately $4,861,680. This trade represents a 14.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, December 10th, John Sheldon Peters sold 3,554 shares of Lemonade stock. The shares were sold at an average price of $81.00, for a total transaction of $287,874.00.
• On Wednesday, December 3rd, John Sheldon Peters sold 2,667 shares of Lemonade stock. The shares were sold at an average price of $72.37, for a total value of $193,010.79.
• On Tuesday, December 2nd, John Sheldon Peters sold 2,677 shares of Lemonade stock. The stock was 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 shares were sold at an average price of $73.25, for a total value of $278,203.50.
• On Thursday, November 20th, John Sheldon Peters sold 18,930 shares of Lemonade stock. The shares were sold at an average price of $72.77, for a total transaction of $1,377,536.10.

Lemonade Price Performance

Shares of NYSE LMND traded down $0.33 during mid-day trading on Thursday, hitting $80.67. The company had a trading volume of 1,464,810 shares, compared to its average volume of 1,867,740. The business’s 50-day simple moving average is $74.66 and its 200-day simple moving average is $58.18. Lemonade, Inc. has a 12 month low of $24.31 and a 12 month high of $85.20. The firm has a market cap of $6.03 billion, a P/E ratio of -33.75 and a beta of 1.98.

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

Analyst Upgrades and Downgrades

LMND has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Lemonade from $35.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, November 25th. JMP Securities set a $80.00 price objective on Lemonade in a research note on Monday, November 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research note on Wednesday, October 8th. Morgan Stanley set a $85.00 target price on Lemonade and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. Finally, Citizens Jmp raised their target price on Lemonade from $60.00 to $80.00 and gave the company a “market outperform” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.50.

Institutional Trading of Lemonade

A number of hedge funds have recently modified their holdings of the business. Bayforest Capital Ltd bought a new stake in shares of Lemonade in the third quarter worth approximately $25,000. Strategic Advocates LLC bought a new stake in Lemonade in the third quarter worth $33,000. NewEdge Advisors LLC purchased a new stake in shares of Lemonade in the first quarter valued at approximately $35,000. Estabrook Capital Management bought a new stake in shares of Lemonade in the second quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Lemonade by 30.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock worth $45,000 after buying an additional 243 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

About Lemonade

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.