Lemonade (NYSE:LMND) Insider Maya Prosor Sells 223 Shares

Lemonade, Inc. (NYSE:LMNDGet Free Report) insider Maya Prosor sold 223 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $50.12, for a total value of $11,176.76. Following the completion of the sale, the insider directly owned 7,404 shares in the company, valued at approximately $371,088.48. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Lemonade Price Performance

Lemonade stock traded down $0.03 during mid-day trading on Friday, reaching $55.01. The stock had a trading volume of 1,228,696 shares, compared to its average volume of 2,781,083. Lemonade, Inc. has a one year low of $24.31 and a one year high of $99.90. The company has a 50-day moving average price of $72.58 and a two-hundred day moving average price of $66.20. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of -24.34 and a beta of 2.12.

Lemonade (NYSE:LMNDGet Free Report) last issued its earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.12. Lemonade had a negative net margin of 22.43% and a negative return on equity of 31.19%. During the same period in the previous year, the firm earned ($0.42) earnings per share. Lemonade’s quarterly revenue was up 53.3% compared to the same quarter last year. On average, equities research analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Lemonade by 186.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,484,175 shares of the company’s stock worth $105,644,000 after acquiring an additional 965,321 shares during the period. JPMorgan Chase & Co. boosted its position 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 in the last quarter. BIT Capital GmbH grew its holdings in Lemonade by 69.3% in the third quarter. BIT Capital GmbH now owns 1,254,345 shares of the company’s stock valued at $67,145,000 after purchasing an additional 513,424 shares during the period. Jump Financial LLC increased its position in shares of Lemonade by 365.8% in the second quarter. Jump Financial LLC now owns 581,378 shares of the company’s stock valued at $25,470,000 after buying an additional 456,571 shares in the last quarter. Finally, Man Group plc acquired a new position in shares of Lemonade during the 4th quarter worth approximately $25,978,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citizens Jmp set a $80.00 price target on Lemonade in a report on Monday, November 24th. Cantor Fitzgerald upped their target price on shares of Lemonade from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Piper Sandler set a $65.00 price objective on shares of Lemonade in a report on Thursday, February 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a report on Thursday, January 22nd. Finally, Wolfe Research set a $44.00 target price on shares of Lemonade in a report on Tuesday, February 24th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.75.

Check Out Our Latest Research Report on Lemonade

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About Lemonade

(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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Insider Buying and Selling by Quarter for Lemonade (NYSE:LMND)

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