John Sheldon Peters Sells 1,735 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 1,735 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $92,249.95. Following the transaction, the insider directly owned 84,994 shares in the company, valued at approximately $4,519,130.98. This represents a 2.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 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.

Lemonade Stock Performance

NYSE LMND traded down $0.11 during trading hours on Friday, hitting $51.46. 1,708,664 shares of the company’s stock were exchanged, compared to its average volume of 2,180,146. The business’s 50 day moving average is $59.35 and its 200-day moving average is $67.54. Lemonade, Inc. has a 12-month low of $35.70 and a 12-month high of $99.90. The firm has a market capitalization of $3.95 billion, a P/E ratio of -27.52 and a beta of 1.83.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.58) by $0.11. The company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $251.51 million. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The firm’s revenue was up 70.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.86) EPS. As a group, equities research analysts anticipate that Lemonade, Inc. will post -1.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on LMND. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Lemonade in a research note on Tuesday, May 26th. Citizens Jmp dropped their price objective on Lemonade from $85.00 to $80.00 and set a “market outperform” rating for the company in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research report on Tuesday, April 21st. UBS Group set a $75.00 price target on Lemonade in a research report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods upped their price target on Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Lemonade currently has an average rating of “Hold” and a consensus price target of $64.89.

Institutional Trading of Lemonade

Several large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its position in Lemonade by 8,080.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock valued at $29,000 after purchasing an additional 404 shares during the period. Strategic Advocates LLC purchased a new stake in shares of Lemonade in the third quarter worth about $33,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Lemonade in the fourth quarter worth about $33,000. Torren Management LLC acquired a new stake in shares of Lemonade in the fourth quarter valued at about $35,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Lemonade during the 1st quarter valued at about $35,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

About Lemonade

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.