Lemonade (NYSE:LMND) Insider John Sheldon Peters Sells 11,000 Shares

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 11,000 shares of Lemonade stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $52.55, for a total transaction of $578,050.00. Following the transaction, the insider owned 76,942 shares of the company’s stock, valued at $4,043,302.10. The trade was a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, July 6th, John Sheldon Peters sold 3,444 shares of Lemonade stock. The stock was sold at an average price of $79.00, for a total value of $272,076.00.
• On Thursday, June 4th, John Sheldon Peters sold 3,608 shares of Lemonade stock. The shares were 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 shares were sold at an average price of $53.17, for a total value of $92,249.95.

Lemonade Trading Down 5.2%

Lemonade stock opened at $49.88 on Tuesday. The business’s fifty day simple moving average is $60.37 and its two-hundred day simple moving average is $60.88. Lemonade, Inc. has a 12 month low of $46.16 and a 12 month high of $99.90. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of -27.26 and a beta of 1.84.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Tuesday, July 28th. The company reported ($0.56) earnings per share for the quarter, meeting the consensus estimate of ($0.56). The firm had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The company’s revenue was up 79.4% on a year-over-year basis. During the same period last year, the company earned ($0.60) earnings per share. On average, equities research analysts predict that Lemonade, Inc. will post -1.83 EPS for the current year.

Hedge Funds Weigh In On Lemonade

A number of hedge funds have recently bought and sold shares of the business. TD Waterhouse Canada Inc. boosted its holdings in shares of Lemonade by 3.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,671 shares of the company’s stock valued at $261,000 after acquiring an additional 121 shares during the last quarter. AQR Capital Management LLC lifted its position in Lemonade by 0.7% during the fourth quarter. AQR Capital Management LLC now owns 21,569 shares of the company’s stock valued at $1,535,000 after purchasing an additional 159 shares during the period. The Manufacturers Life Insurance Company lifted its position in Lemonade by 0.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 32,431 shares of the company’s stock valued at $2,308,000 after purchasing an additional 259 shares during the period. Aspiring Ventures LLC boosted its holdings in Lemonade by 7.5% in the fourth quarter. Aspiring Ventures LLC now owns 5,059 shares of the company’s stock worth $360,000 after purchasing an additional 355 shares during the last quarter. Finally, CWM LLC boosted its holdings in Lemonade by 14.5% in the fourth quarter. CWM LLC now owns 2,882 shares of the company’s stock worth $205,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on LMND shares. Piper Sandler reduced their price objective on shares of Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Truist Financial dropped their target price on shares of Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Lemonade in a report on Tuesday, May 26th. Citizens Jmp reduced their price target on shares of Lemonade from $85.00 to $80.00 and set a “market outperform” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lemonade has an average rating of “Hold” and an average target price of $66.88.

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.