Lemonade, Inc. (NYSE:LMND) Insider Sells $64,167.21 in Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 1,899 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the completion of the sale, the insider now directly owns 87,609 shares in the company, valued at approximately $2,960,308.11. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 30th, John Sheldon Peters sold 28,985 shares of Lemonade stock. The stock was sold at an average price of $38.67, for a total value of $1,120,849.95.

Lemonade Price Performance

LMND opened at $36.18 on Friday. Lemonade, Inc. has a 12 month low of $14.03 and a 12 month high of $53.85. The stock has a market cap of $2.63 billion, a P/E ratio of -11.90 and a beta of 2.12. The stock’s 50 day moving average price is $34.59 and its 200 day moving average price is $30.14.

Lemonade (NYSE:LMND) last posted its earnings results on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.19. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The firm had revenue of $148.80 million for the quarter, compared to analysts’ expectations of $144.78 million. Equities analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current year.

Hedge Funds Weigh In On Lemonade

Hedge funds have recently modified their holdings of the company. Quarry LP increased its position in shares of Lemonade by 300.4% during the 4th quarter. Quarry LP now owns 933 shares of the company’s stock valued at $34,000 after purchasing an additional 700 shares during the period. Avior Wealth Management LLC acquired a new position in shares of Lemonade during the 4th quarter valued at $40,000. Russell Investments Group Ltd. increased its position in shares of Lemonade by 318.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company’s stock valued at $42,000 after purchasing an additional 867 shares during the period. BNP Paribas acquired a new position in shares of Lemonade during the 4th quarter valued at $57,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Lemonade by 116.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company’s stock valued at $59,000 after purchasing an additional 860 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LMND shares. BMO Capital Markets raised their price target on Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Thursday, November 21st. JMP Securities raised their price target on Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd. Morgan Stanley raised Lemonade from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $23.00 to $42.00 in a report on Wednesday, November 20th. Finally, Piper Sandler lowered their target price on Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.00.

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.