John Sheldon Peters Sells 3,444 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 3,444 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $79.00, for a total value of $272,076.00. Following the transaction, the insider directly owned 77,942 shares of the company’s stock, valued at approximately $6,157,418. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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.
• On Wednesday, June 3rd, John Sheldon Peters sold 1,735 shares of Lemonade stock. The stock was sold at an average price of $53.17, for a total value of $92,249.95.

Lemonade Trading Down 8.6%

Shares of Lemonade stock traded down $6.70 during trading hours on Wednesday, reaching $70.89. The stock had a trading volume of 2,023,314 shares, compared to its average volume of 1,471,752. The firm has a 50 day simple moving average of $58.64 and a two-hundred day simple moving average of $65.18. Lemonade, Inc. has a 1 year low of $35.70 and a 1 year high of $99.90. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -37.91 and a beta of 1.79.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.11. Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $251.51 million. During the same period in the prior year, the company posted ($0.86) earnings per share. The firm’s quarterly revenue was up 70.6% on a year-over-year basis. Sell-side analysts forecast that Lemonade, Inc. will post -1.71 EPS for the current year.

Institutional Investors Weigh In On Lemonade

Large investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. increased its holdings in Lemonade by 3.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,671 shares of the company’s stock worth $261,000 after buying an additional 121 shares during the period. Watershed Private Wealth LLC raised its holdings in Lemonade by 1.7% in the 4th quarter. Watershed Private Wealth LLC now owns 8,310 shares of the company’s stock valued at $592,000 after buying an additional 140 shares during the period. AQR Capital Management LLC boosted its holdings in Lemonade by 0.7% during the 4th quarter. AQR Capital Management LLC now owns 21,569 shares of the company’s stock valued at $1,535,000 after acquiring an additional 159 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Lemonade by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,431 shares of the company’s stock valued at $600,000 after purchasing an additional 219 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Lemonade by 7.2% during the 4th quarter. GAMMA Investing LLC now owns 3,529 shares of the company’s stock worth $251,000 after acquiring an additional 236 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LMND. Piper Sandler reduced their price objective on shares of Lemonade from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research note on Tuesday, April 21st. Truist Financial reduced 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. TD Cowen reiterated a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Finally, Citizens Jmp cut their target price on Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Lemonade presently has an average rating of “Hold” and an average target price of $65.33.

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.