Insider Selling: Lemonade (NYSE:LMND) Insider Sells $578,050.00 in Stock

by · The Markets Daily

Lemonade, Inc. (NYSE:LMND – Get Free Report) insider John Sheldon Peters sold 11,000 shares of Lemonade stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $52.55, for a total transaction of $578,050.00. Following the completion of the sale, the insider directly owned 76,942 shares in the company, valued at $4,043,302.10. This trade represents a 12.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 value 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 value 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 value of $92,249.95.

Lemonade Price Performance

Shares of LMND traded down $2.76 during mid-day trading on Monday, hitting $49.88. The stock had a trading volume of 1,222,511 shares, compared to its average volume of 1,976,913. The firm has a market cap of $3.86 billion, a P/E ratio of -27.26 and a beta of 1.84. The business has a fifty day moving average price of $60.43 and a 200-day moving average price of $61.14. Lemonade, Inc. has a 52 week low of $46.16 and a 52 week high of $99.90.

Lemonade (NYSE:LMND – Get Free Report) last issued 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 firm had revenue of $294.40 million for the quarter, compared to analysts’ expectations of $291.01 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The business’s revenue for the quarter was up 79.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.60) EPS. As a group, research analysts expect that Lemonade, Inc. will post -1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on LMND shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research report on Friday, July 17th. UBS Group set a $75.00 price target on shares of Lemonade in a research report on Thursday, May 21st. Keefe, Bruyette & Woods upgraded shares of Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 price target on the stock in a research note on Thursday, July 30th. Piper Sandler cut their price objective on shares of Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.11.

Read Our Latest Research Report on LMND

Institutional Trading of Lemonade

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Lemonade by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,305,453 shares of the company’s stock worth $448,822,000 after purchasing an additional 26,312 shares during the last quarter. Lido Advisors LLC bought a new stake in Lemonade during the first quarter valued at approximately $1,318,000. Clear Street Group Inc. bought a new stake in Lemonade during the fourth quarter valued at approximately $2,448,000. Halter Ferguson Financial Inc. grew its stake in Lemonade by 4.3% in the 4th quarter. Halter Ferguson Financial Inc. now owns 600,863 shares of the company’s stock worth $42,769,000 after buying an additional 24,957 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Lemonade in the 4th quarter worth approximately $5,894,000. 80.30% of the stock is currently owned by institutional investors.

Lemonade Company Profile

(Get Free Report)

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.

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