Insider Selling: Lemonade, Inc. (NYSE:LMND) Insider Sells 28,985 Shares of Stock

Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Sheldon Peters sold 28,985 shares of Lemonade stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $38.67, for a total transaction of $1,120,849.95. Following the completion of the sale, the insider now owns 69,508 shares of the company's stock, valued at $2,687,874.36. This trade represents a 29.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, December 3rd, John Sheldon Peters sold 1,790 shares of Lemonade stock. The stock was sold at an average price of $45.50, for a total transaction of $81,445.00.

Lemonade Trading Up 4.3 %

Shares of Lemonade stock traded up $1.56 during trading hours on Friday, hitting $37.95. 1,819,974 shares of the company were exchanged, compared to its average volume of 1,779,737. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -12.48 and a beta of 2.09. The business has a 50-day moving average of $37.82 and a 200-day moving average of $24.84.

Lemonade (NYSE:LMND - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.02) by $0.07. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The business had revenue of $136.60 million during the quarter, compared to the consensus estimate of $129.10 million. During the same period in the prior year, the business posted ($0.88) EPS. The company's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts anticipate that Lemonade, Inc. will post -3.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LMND has been the subject of several analyst reports. Morgan Stanley raised Lemonade from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $23.00 to $42.00 in a research note on Wednesday, November 20th. JMP Securities upped their price target on Lemonade from $40.00 to $60.00 and gave the company a "market outperform" rating in a report on Friday, November 22nd. Keefe, Bruyette & Woods cut shares of Lemonade from a "market perform" rating to an "underperform" rating and raised their price objective for the stock from $18.00 to $21.00 in a report on Thursday, November 7th. Jefferies Financial Group lowered their target price on shares of Lemonade from $15.00 to $14.00 and set an "underperform" rating for the company in a report on Wednesday, October 9th. Finally, Piper Sandler lifted their price target on shares of Lemonade from $25.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.43.

Hedge Funds Weigh In On Lemonade

Several hedge funds and other institutional investors have recently bought and sold shares of LMND. FMR LLC lifted its stake in shares of Lemonade by 93.0% during the third quarter. FMR LLC now owns 318,321 shares of the company's stock valued at $5,249,000 after buying an additional 153,362 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lemonade by 99.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company's stock valued at $903,000 after purchasing an additional 27,265 shares during the period. Verition Fund Management LLC acquired a new position in Lemonade during the third quarter worth approximately $1,571,000. GSA Capital Partners LLP boosted its holdings in shares of Lemonade by 31.0% in the 3rd quarter. GSA Capital Partners LLP now owns 180,916 shares of the company's stock valued at $2,983,000 after purchasing an additional 42,822 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Lemonade by 1,549.0% during the third quarter. International Assets Investment Management LLC now owns 19,673 shares of the company's stock valued at $324,000 after acquiring an additional 18,480 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

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.