Lemonade, Inc. (NYSE:LMND) Insider Sells $600,000.00 in Stock

Lemonade, Inc. (NYSE:LMND) insider Maya Prosor sold 20,000 shares of Lemonade stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the insider now owns 59,286 shares in the company, valued at $1,778,580. This trade represents a 25.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lemonade Trading Up 5.0 %

LMND opened at $33.30 on Friday. The stock has a market cap of $2.38 billion, a PE ratio of -10.95 and a beta of 1.68. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $35.17. The stock’s 50 day simple moving average is $20.36 and its 200-day simple moving average is $18.59.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.07. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The company had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $129.10 million. During the same quarter in the prior year, the company posted ($0.88) EPS. The business’s revenue was up 19.3% on a year-over-year basis. Equities analysts forecast that Lemonade, Inc. will post -3.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMND. Blue Trust Inc. grew its stake in shares of Lemonade by 220.0% in the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after purchasing an additional 1,879 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Lemonade by 321.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock valued at $74,000 after acquiring an additional 3,403 shares during the period. Quest Partners LLC raised its stake in Lemonade by 1,647.6% during the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock worth $150,000 after acquiring an additional 8,584 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Lemonade during the second quarter valued at $180,000. Finally, Bristlecone Advisors LLC bought a new position in shares of Lemonade during the third quarter valued at $218,000. Institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMND shares. Keefe, Bruyette & Woods lowered Lemonade from a “market perform” rating to an “underperform” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, November 7th. Piper Sandler lifted their price target on Lemonade from $18.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Jefferies Financial Group dropped their price target on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Lemonade in a research report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price target on Lemonade from $15.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.33.

Lemonade Company Profile

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.