Lemonade (NYSE:LMND) Insider John Sheldon Peters Sells 2,677 Shares

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 2,677 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $72.74, for a total value of $194,724.98. Following the sale, the insider owned 76,992 shares in the company, valued at approximately $5,600,398.08. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value of $193,010.79.
• On Monday, November 24th, John Sheldon Peters sold 3,798 shares of Lemonade stock. The stock was sold at an average price of $73.25, for a total transaction of $278,203.50.
• On Thursday, November 20th, John Sheldon Peters sold 18,930 shares of Lemonade stock. The shares were sold at an average price of $72.77, for a total value of $1,377,536.10.

Lemonade Trading Up 1.0%

Shares of LMND traded up $0.80 during midday trading on Friday, reaching $77.60. The stock had a trading volume of 385,169 shares, compared to its average volume of 2,419,288. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of -32.43 and a beta of 2.13. Lemonade, Inc. has a 12-month low of $24.31 and a 12-month high of $83.77. The company’s 50-day moving average is $62.63 and its 200 day moving average is $51.14.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share 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 during the quarter, compared to the consensus estimate of $185.06 million. During the same period in the previous year, the firm posted ($0.95) earnings per share. The firm’s revenue for the quarter was up 42.4% on a year-over-year basis. Research analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LMND shares. Citizens Jmp raised their price target on Lemonade from $60.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Monday, November 24th. Morgan Stanley increased their price objective on Lemonade from $49.00 to $53.00 and gave the company an “underweight” rating in a research note on Monday, November 17th. Citigroup reaffirmed a “market outperform” rating on shares of Lemonade in a research note on Monday, November 24th. JMP Securities set a $80.00 price target on shares of Lemonade in a report on Monday, November 24th. Finally, Cantor Fitzgerald raised shares of Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Lemonade has an average rating of “Hold” and an average price target of $58.57.

Hedge Funds Weigh In On Lemonade

Hedge funds have recently made changes to their positions in the business. Titleist Asset Management LLC lifted its stake in Lemonade by 4.1% in the third quarter. Titleist Asset Management LLC now owns 4,832 shares of the company’s stock worth $259,000 after acquiring an additional 189 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Lemonade by 4.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,683 shares of the company’s stock worth $249,000 after purchasing an additional 220 shares in the last quarter. CWM LLC raised its holdings in Lemonade by 9.9% in the 3rd quarter. CWM LLC now owns 2,518 shares of the company’s stock worth $135,000 after purchasing an additional 227 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Lemonade by 30.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock worth $45,000 after purchasing an additional 243 shares during the period. Finally, Watershed Private Wealth LLC boosted its stake in shares of Lemonade by 4.9% during the 3rd quarter. Watershed Private Wealth LLC now owns 8,170 shares of the company’s stock valued at $437,000 after purchasing an additional 380 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

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.