John Sheldon Peters Sells 11,000 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 11,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $52.55, for a total value of $578,050.00. Following the sale, the insider directly owned 76,942 shares of the company’s stock, valued at $4,043,302.10. This represents a 12.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, July 6th, John Sheldon Peters sold 3,444 shares of Lemonade stock. The shares were sold at an average price of $79.00, for a total transaction of $272,076.00.
• On Thursday, June 4th, John Sheldon Peters sold 3,608 shares of Lemonade stock. The shares were sold at an average price of $52.94, for a total transaction of $191,007.52.
• On Wednesday, June 3rd, John Sheldon Peters sold 1,735 shares of Lemonade stock. The stock was sold at an average price of $53.17, for a total transaction of $92,249.95.

Lemonade Stock Performance

NYSE LMND opened at $50.07 on Wednesday. The stock has a market cap of $3.88 billion, a PE ratio of -27.36 and a beta of 1.84. The firm has a 50-day moving average of $60.30 and a 200-day moving average of $60.58. Lemonade, Inc. has a 52-week low of $46.16 and a 52-week high of $99.90.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.56) EPS for the quarter, meeting analysts’ consensus estimates of ($0.56). The business had revenue of $294.40 million for the quarter, compared to analyst estimates of $291.01 million. Lemonade had a negative net margin of 14.19% and a negative return on equity of 26.78%. Lemonade’s quarterly revenue was up 79.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.60) EPS. As a group, analysts predict that Lemonade, Inc. will post -1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LMND. Keefe, Bruyette & Woods upgraded Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 target price on the stock in a research note on Thursday, July 30th. UBS Group set a $75.00 price target on Lemonade in a research note on Thursday, May 21st. Truist Financial decreased their price objective on Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Piper Sandler lowered their price objective on Lemonade from $75.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, TD Cowen reissued a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $66.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Lemonade by 107.3% during the first quarter. AQR Capital Management LLC now owns 30,490 shares of the company’s stock worth $958,000 after buying an additional 15,779 shares in the last quarter. Millennium Management LLC raised its holdings in Lemonade by 255.2% in the 1st quarter. Millennium Management LLC now owns 329,934 shares of the company’s stock valued at $10,370,000 after acquiring an additional 237,044 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Lemonade in the 1st quarter valued at $35,000. Goldman Sachs Group Inc. lifted its position in shares of Lemonade by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 612,292 shares of the company’s stock valued at $19,244,000 after acquiring an additional 41,759 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Lemonade during the 2nd quarter valued at $307,000. 80.30% of the stock is owned by institutional investors.

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.