Lemonade, Inc. (NYSE:LMND - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $16.69, but opened at $16.22. Lemonade shares last traded at $16.17, with a volume of 246,441 shares traded.
Lemonade Stock Down 6.2 %
The company has a market cap of $1.10 billion, a P/E ratio of -5.13 and a beta of 1.77. The firm has a fifty day moving average price of $17.56 and a 200 day moving average price of $17.41.
Lemonade (NYSE:LMND - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported ($0.81) EPS for the quarter, beating the consensus estimate of ($0.88) by $0.07. The company had revenue of $122.00 million during the quarter, compared to analysts' expectations of $121.77 million. Lemonade had a negative return on equity of 30.34% and a negative net margin of 44.24%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm earned ($0.97) EPS. On average, sell-side analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current year.
Insider Buying and Selling at Lemonade
In related news, CFO Timothy E. Bixby sold 2,050 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total value of $37,392.00. Following the completion of the sale, the chief financial officer now owns 271,552 shares in the company, valued at approximately $4,953,108.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 12.50% of the company's stock.
Institutional Investors Weigh In On Lemonade
Several large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Lemonade by 8.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,938 shares of the company's stock worth $1,853,000 after purchasing an additional 9,107 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Lemonade during the 1st quarter worth approximately $477,000. Tidal Investments LLC acquired a new stake in Lemonade during the 1st quarter worth approximately $718,000. Caxton Associates LP bought a new position in Lemonade in the second quarter valued at approximately $737,000. Finally, Marshall Wace LLP acquired a new position in shares of Lemonade in the second quarter valued at approximately $14,181,000. Institutional investors own 80.30% of the company's stock.
About Lemonade
(
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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.
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