John Sheldon Peters Sells 3,571 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 3,571 shares of Lemonade stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $52.50, for a total value of $187,477.50. Following the transaction, the insider owned 76,729 shares of the company’s stock, valued at approximately $4,028,272.50. This represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, March 3rd, John Sheldon Peters sold 1,773 shares of Lemonade stock. The stock was sold at an average price of $50.12, for a total value of $88,862.76.
• On Thursday, January 22nd, John Sheldon Peters sold 9,000 shares of Lemonade stock. The stock was sold at an average price of $90.00, for a total value of $810,000.00.
• On Tuesday, January 6th, John Sheldon Peters sold 10,000 shares of Lemonade stock. The stock was sold at an average price of $80.00, for a total value of $800,000.00.
• On Wednesday, December 10th, John Sheldon Peters sold 3,554 shares of Lemonade stock. The stock was sold at an average price of $81.00, for a total value of $287,874.00.

Lemonade Stock Up 0.5%

NYSE LMND traded up $0.27 during trading hours on Thursday, hitting $55.04. 1,961,348 shares of the company were exchanged, compared to its average volume of 2,817,813. The company has a 50 day moving average of $73.07 and a two-hundred day moving average of $66.28. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -24.35 and a beta of 2.12. Lemonade, Inc. has a 52-week low of $24.31 and a 52-week high of $99.90.

Lemonade (NYSE:LMND) last posted its earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.Lemonade’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.42) earnings per share. On average, equities research analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bayforest Capital Ltd acquired a new stake in Lemonade in the third quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in Lemonade by 8,080.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after buying an additional 404 shares during the last quarter. Strategic Advocates LLC bought a new stake in Lemonade in the third quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. bought a new position in Lemonade in the 4th quarter valued at about $33,000. Finally, Torren Management LLC acquired a new stake in shares of Lemonade during the fourth quarter worth $35,000. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LMND. Keefe, Bruyette & Woods lifted their price target on shares of Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a research report on Tuesday, February 24th. Wolfe Research set a $44.00 target price on Lemonade in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research note on Thursday, January 22nd. Morgan Stanley set a $85.00 price objective on Lemonade and gave the company an “equal weight” rating in a report on Tuesday, December 16th. Finally, Cantor Fitzgerald lifted their price target on Lemonade from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with 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 company presently has a consensus rating of “Hold” and an average target price of $68.75.

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.