Insider Selling: Lemonade (NYSE:LMND) Insider Sells 2,667 Shares of Stock

by · The Markets Daily

Lemonade, Inc. (NYSE:LMND – Get Free Report) insider John Sheldon Peters sold 2,667 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $72.37, for a total value of $193,010.79. Following the completion of the transaction, the insider owned 74,325 shares of the company’s stock, valued at $5,378,900.25. This trade represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value 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 shares were sold at an average price of $72.77, for a total transaction of $1,377,536.10.

Lemonade Stock Performance

NYSE LMND traded up $3.07 on Thursday, reaching $76.66. 2,085,146 shares of the company’s stock traded hands, compared to its average volume of 2,429,089. Lemonade, Inc. has a fifty-two week low of $24.31 and a fifty-two week high of $83.77. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of -32.07 and a beta of 2.13. The stock has a 50 day moving average price of $62.15 and a 200-day moving average price of $50.96.

Lemonade (NYSE:LMND – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $185.06 million. During the same period last year, the business earned ($0.95) earnings per share. Lemonade’s quarterly revenue was up 42.4% on a year-over-year basis. As a group, equities research analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Institutional Trading of Lemonade

A number of hedge funds and other institutional investors have recently made changes to their positions in LMND. Bayforest Capital Ltd purchased a new stake in shares of Lemonade during the 3rd quarter valued at approximately $25,000. SVB Wealth LLC acquired a new stake in Lemonade during the first quarter worth $26,000. Strategic Advocates LLC purchased a new stake in Lemonade in the third quarter valued at $33,000. NewEdge Advisors LLC purchased a new stake in Lemonade in the first quarter valued at $35,000. Finally, Estabrook Capital Management acquired a new position in shares of Lemonade in the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

LMND has been the subject of several analyst reports. Piper Sandler decreased their target price on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. JMP Securities set a $80.00 price objective on shares of Lemonade in a report on Monday, November 24th. BMO Capital Markets increased their target price on shares of Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a research note on Monday, August 18th. Wall Street Zen raised Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Cantor Fitzgerald upgraded shares of Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $58.57.

Read Our Latest Stock Analysis on LMND

About Lemonade

(Get Free Report)

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.

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