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

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 3,608 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $52.94, for a total transaction of $191,007.52. Following the sale, the insider directly owned 81,386 shares in the company, valued at $4,308,574.84. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $53.17, for a total transaction of $92,249.95.

Lemonade Price Performance

NYSE LMND traded down $0.11 on Friday, reaching $51.46. The company had a trading volume of 1,708,664 shares, compared to its average volume of 2,180,146. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of -27.52 and a beta of 1.83. Lemonade, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $99.90. The business has a 50 day moving average of $59.35 and a two-hundred day moving average of $67.54.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.47) EPS 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 firm had revenue of $258.00 million for the quarter, compared to analyst estimates of $251.51 million. During the same quarter in the previous year, the company posted ($0.86) EPS. The business’s revenue was up 70.6% on a year-over-year basis. As a group, research analysts predict that Lemonade, Inc. will post -1.69 earnings per share for the current fiscal year.

Institutional Trading of Lemonade

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Lemonade by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,305,453 shares of the company’s stock worth $448,822,000 after acquiring an additional 26,312 shares during the last quarter. JPMorgan Chase & Co. raised its position in Lemonade by 30.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,506,171 shares of the company’s stock valued at $187,685,000 after buying an additional 825,522 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Lemonade by 186.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,484,175 shares of the company’s stock valued at $105,644,000 after acquiring an additional 965,321 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lemonade by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 1,438,358 shares of the company’s stock worth $102,400,000 after acquiring an additional 67,562 shares in the last quarter. Finally, BIT Capital GmbH raised its holdings in shares of 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 last quarter. Institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LMND. Keefe, Bruyette & Woods upped their price objective on shares of Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a research note on Tuesday, February 24th. Morgan Stanley cut their price target on shares of Lemonade from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of Lemonade in a research note on Tuesday, May 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research report on Tuesday, April 21st. Finally, Truist Financial dropped their price target on Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.89.

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.