Maria Angelidis-Smith Sells 33,554 Shares of Lemonade, Inc. (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) Director Maria Angelidis-Smith sold 33,554 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.33, for a total transaction of $1,017,692.82. Following the completion of the transaction, the director now owns 40,916 shares of the company’s stock, valued at approximately $1,240,982.28. This represents a 45.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Maria Angelidis-Smith also recently made the following trade(s):

• On Wednesday, November 13th, Maria Angelidis-Smith acquired 15,042 shares of Lemonade stock. The stock was purchased at an average price of $33.23 per share, with a total value of $499,845.66.
• On Friday, November 8th, Maria Angelidis-Smith bought 18,512 shares of Lemonade stock. The shares were acquired at an average price of $27.42 per share, for a total transaction of $507,599.04.

Lemonade Stock Up 16.9 %

Lemonade stock opened at $40.11 on Wednesday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -13.19 and a beta of 1.68. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $40.49. The company has a fifty day simple moving average of $21.13 and a 200-day simple moving average of $18.88.

Lemonade (NYSE:LMND) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.07. The company had revenue of $136.60 million during the quarter, compared to the consensus estimate of $129.10 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. Lemonade’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.88) EPS. On average, research analysts anticipate that Lemonade, Inc. will post -3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Morgan Stanley upped their price target on Lemonade from $15.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. Jefferies Financial Group decreased their target price on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lowered shares of Lemonade from a “market perform” rating to an “underperform” rating and boosted their price target for the stock from $18.00 to $21.00 in a report on Thursday, November 7th. Piper Sandler increased their price objective on shares of Lemonade from $18.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Lemonade in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Lemonade has an average rating of “Hold” and an average target price of $23.33.

Institutional Trading of Lemonade

Several large investors have recently added to or reduced their stakes in LMND. Blue Trust Inc. boosted its position in shares of Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after acquiring an additional 1,879 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Lemonade by 321.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock valued at $74,000 after purchasing an additional 3,403 shares during the last quarter. Quest Partners LLC grew its stake in shares of Lemonade by 1,647.6% in the 3rd quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock valued at $150,000 after buying an additional 8,584 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Lemonade during the 2nd quarter worth approximately $180,000. Finally, Bristlecone Advisors LLC purchased a new stake in shares of Lemonade during the 3rd quarter valued at approximately $218,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

About Lemonade

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.