Lemonade (NYSE:LMND) Insider John Sheldon Peters Sells 10,000 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the sale, the insider owned 60,771 shares of the company’s stock, valued at $4,861,680. This trade represents a 14.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, December 10th, John Sheldon Peters sold 3,554 shares of Lemonade stock. The shares were sold at an average price of $81.00, for a total transaction of $287,874.00.
• On Wednesday, December 3rd, John Sheldon Peters sold 2,667 shares of Lemonade stock. The shares were sold at an average price of $72.37, for a total transaction of $193,010.79.
• On Tuesday, December 2nd, John Sheldon Peters sold 2,677 shares of Lemonade stock. The stock was 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 shares were sold at an average price of $73.25, for a total value of $278,203.50.
• On Thursday, November 20th, John Sheldon Peters sold 18,930 shares of Lemonade stock. The stock was sold at an average price of $72.77, for a total value of $1,377,536.10.

Lemonade Stock Performance

Lemonade stock opened at $80.67 on Friday. Lemonade, Inc. has a fifty-two week low of $24.31 and a fifty-two week high of $85.20. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of -33.75 and a beta of 1.98. The stock’s fifty day moving average is $75.10 and its two-hundred day moving average is $58.34.

Lemonade (NYSE:LMND) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.21. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The business had revenue of $194.50 million for the quarter, compared to analyst estimates of $185.06 million. During the same period in the previous year, the firm earned ($0.95) EPS. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Institutional Trading of Lemonade

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Lemonade by 30.8% during the third quarter. JPMorgan Chase & Co. now owns 3,506,171 shares of the company’s stock worth $187,685,000 after purchasing an additional 825,522 shares during the period. BIT Capital GmbH increased its holdings in shares of Lemonade by 69.3% during the 3rd quarter. BIT Capital GmbH now owns 1,254,345 shares of the company’s stock worth $67,145,000 after buying an additional 513,424 shares during the last quarter. Jump Financial LLC raised its position in shares of Lemonade by 365.8% in the 2nd quarter. Jump Financial LLC now owns 581,378 shares of the company’s stock worth $25,470,000 after buying an additional 456,571 shares during the period. Halter Ferguson Financial Inc. boosted its holdings in Lemonade by 101.3% in the third quarter. Halter Ferguson Financial Inc. now owns 575,906 shares of the company’s stock valued at $30,828,000 after acquiring an additional 289,803 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. grew its position in Lemonade by 80.7% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 571,768 shares of the company’s stock valued at $25,049,000 after acquiring an additional 255,368 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

LMND has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research note on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of Lemonade in a research report on Monday, November 24th. Morgan Stanley set a $85.00 price objective on Lemonade and gave the stock an “equal weight” rating in a research report on Tuesday, December 16th. Piper Sandler cut 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. Finally, JMP Securities set a $80.00 target price on shares of Lemonade in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.50.

Lemonade Company Profile

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.