Lemonade (NYSE:LMND) Insider John Sheldon Peters Sells 3,608 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 3,608 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $52.94, for a total value of $191,007.52. Following the completion of the transaction, the insider owned 81,386 shares of the company’s stock, valued at approximately $4,308,574.84. This represents a 4.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, June 3rd, John Sheldon Peters sold 1,735 shares of Lemonade stock. The shares were sold at an average price of $53.17, for a total value of $92,249.95.

Lemonade Stock Down 0.2%

Shares of LMND stock opened at $51.46 on Friday. Lemonade, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $99.90. The stock has a market cap of $3.95 billion, a P/E ratio of -27.52 and a beta of 1.83. The business has a fifty day simple moving average of $59.03 and a 200-day simple moving average of $67.43.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.11. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $251.51 million. During the same quarter last year, the business posted ($0.86) earnings per share. The business’s revenue for the quarter was up 70.6% on a year-over-year basis. On average, sell-side analysts anticipate that Lemonade, Inc. will post -1.69 earnings per share for the current year.

Institutional Trading of Lemonade

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Lemonade by 8,080.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock valued at $29,000 after acquiring an additional 404 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Lemonade in the 4th quarter worth about $33,000. Torren Management LLC acquired a new stake in Lemonade in the 4th quarter worth about $35,000. Strive Financial Group LLC acquired a new stake in Lemonade in the 4th quarter worth about $38,000. Finally, Strategic Advocates LLC acquired a new stake in Lemonade in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Ratings Changes

LMND has been the topic of a number of analyst reports. Truist Financial decreased their price objective on Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Wolfe Research set a $44.00 price objective on Lemonade in a research note on Tuesday, February 24th. Piper Sandler decreased their price objective on Lemonade from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Keefe, Bruyette & Woods increased their price objective on Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a research note on Tuesday, February 24th. Finally, Citizens Jmp decreased their price objective on Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Lemonade presently has an average rating of “Hold” and a consensus price target of $64.89.

About Lemonade

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.