Lemonade (NYSE:LMND) Insider John Sheldon Peters Sells 3,444 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 3,444 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $79.00, for a total transaction of $272,076.00. Following the sale, the insider owned 77,942 shares of the company’s stock, valued at approximately $6,157,418. The trade was a 4.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 4th, John Sheldon Peters sold 3,608 shares of Lemonade stock. The stock was 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 transaction of $92,249.95.

Lemonade Trading Down 8.6%

Lemonade stock opened at $70.89 on Thursday. Lemonade, Inc. has a 1-year low of $35.70 and a 1-year high of $99.90. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -37.91 and a beta of 1.79. The firm has a 50 day simple moving average of $58.64 and a 200 day simple moving average of $65.18.

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 the consensus estimate of ($0.58) by $0.11. The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $251.51 million. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The company’s revenue was up 70.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.86) earnings per share. On average, equities research analysts forecast that Lemonade, Inc. will post -1.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LMND. Piper Sandler dropped their price target on Lemonade from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Morgan Stanley reiterated an “equal weight” rating and set a $75.00 price objective on shares of Lemonade in a research report on Wednesday. UBS Group set a $75.00 price objective on Lemonade in a report on Thursday, May 21st. Keefe, Bruyette & Woods boosted their target price on Lemonade from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Wednesday. Finally, TD Cowen reaffirmed a “hold” rating on shares of Lemonade in a research note on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Lemonade presently has an average rating of “Hold” and an average target price of $65.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LMND. Caitong International Asset Management Co. Ltd lifted its holdings in Lemonade by 8,080.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after buying an additional 404 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Lemonade during the fourth quarter valued at approximately $33,000. Torren Management LLC bought a new position in shares of Lemonade during the fourth quarter valued at approximately $35,000. Strive Financial Group LLC purchased a new stake in Lemonade in the fourth quarter worth $38,000. Finally, Strategic Advocates LLC purchased a new stake in Lemonade in the third quarter worth $33,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

More Lemonade News

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Lemonade expanded its renters insurance product into Vermont, broadening its addressable market and reinforcing its push to scale its tech-driven insurance platform. Lemonade Expands Renters Insurance to Vermont
• Positive Sentiment: Morgan Stanley reaffirmed its equal weight rating and set a $75 price target, suggesting modest upside from recent trading levels. Morgan Stanley Reaffirms Equal Weight Rating
• Neutral Sentiment: Zacks highlighted Lemonade’s strong 88.7% share gain over the past year, citing AI-driven growth and improving underwriting, but also noting that the stock’s valuation remains rich. Lemonade Stock Surges 88.7% in a Year: How Should You Play the Stock?
• Neutral Sentiment: Keefe, Bruyette & Woods raised its price target to $48 but kept an underperform rating, signaling that the firm still sees meaningful downside after the recent rally. Keefe, Bruyette & Woods Raises Target but Keeps Underperform
• Negative Sentiment: Insider John Sheldon Peters sold 3,444 shares, a transaction that can be read as a lack of near-term conviction and may add to pressure on LMND. John Sheldon Peters Insider Sale
• Negative Sentiment: A market commentary piece said the stock is no longer a buy after its sharp run-up, with valuation now viewed as fairly priced rather than cheap. Why Lemonade Stock Wilted by Almost 9% on Wednesday

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.