Maya Prosor Sells 1,040 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider Maya Prosor sold 1,040 shares of Lemonade stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $54.63, for a total transaction of $56,815.20. Following the sale, the insider directly owned 186,533 shares of the company’s stock, valued at $10,190,297.79. This represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lemonade Stock Down 2.5%

LMND stock opened at $49.27 on Thursday. The business’s fifty day moving average is $58.13 and its 200-day moving average is $58.40. The company has a market cap of $3.81 billion, a P/E ratio of -26.92 and a beta of 1.87. Lemonade, Inc. has a twelve month low of $46.16 and a twelve month high of $99.90.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Tuesday, July 28th. The company reported ($0.56) EPS for the quarter, hitting analysts’ consensus estimates of ($0.56). The business had revenue of $294.40 million during the quarter, compared to analysts’ expectations of $291.01 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The firm’s quarterly revenue was up 79.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.60) earnings per share. Research analysts anticipate that Lemonade, Inc. will post -1.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LMND. Morgan Stanley lowered their price target on Lemonade from $65.00 to $56.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Lemonade in a report on Tuesday, May 26th. UBS Group set a $75.00 price target on shares of Lemonade in a research report on Thursday, May 21st. TD Cowen reissued a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Finally, Wall Street Zen cut shares of Lemonade from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lemonade presently has an average rating of “Hold” and an average price target of $64.50.

Lemonade News Roundup

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Lemonade expanded its renters-insurance business into Kentucky, with policies starting at $5 per month. The launch broadens the company’s geographic reach and customer base, supporting its strategy of using technology to offer low-cost insurance. Lemonade Expands Renters Insurance to Kentucky
• Positive Sentiment: CEO Daniel Schreiber argued that many U.S. drivers overpay because lower-mileage customers subsidize higher-mileage drivers. The comments reinforce Lemonade’s potential competitive advantage in data-based and usage-oriented pricing, although they do not include new financial guidance. Most Drivers Are Overpaying
• Neutral Sentiment: CFO Tim Bixby is scheduled to speak at the KBW Insurance Conference on September 10. Investors may look for updates on growth, profitability, and strategy, but the announcement itself provides no change to financial guidance. Lemonade CFO to Participate in Upcoming Investor Conferences
• Negative Sentiment: Brokerages maintain a consensus “Hold” rating on LMND, indicating limited near-term conviction. The rating may restrain buying interest, particularly as Lemonade remains unprofitable and analysts expect a loss for the full year. Lemonade Given Consensus Rating of Hold
• Negative Sentiment: Insiders John Peters and Maya Prosor sold approximately $226,200 of LMND shares in recent transactions. The sales occurred under pre-arranged Rule 10b5-1 plans to cover tax withholding from vested equity awards, reducing their significance as a bearish signal, but they could still add modest selling pressure and investor caution. Lemonade Insider Selling

Hedge Funds Weigh In On Lemonade

Several institutional investors and hedge funds have recently modified their holdings of LMND. BlackRock Inc. acquired a new stake in Lemonade in the 2nd quarter valued at $393,408,000. Bank of America Corp DE lifted its position in Lemonade by 52.1% during the 1st quarter. Bank of America Corp DE now owns 360,411 shares of the company’s stock worth $22,591,000 after buying an additional 123,484 shares in the last quarter. Lido Advisors LLC acquired a new position in shares of Lemonade during the 1st quarter worth about $1,318,000. Clear Street Group Inc. acquired a new position in shares of Lemonade during the 4th quarter worth about $2,448,000. Finally, Halter Ferguson Financial Inc. grew its holdings in shares of Lemonade by 4.3% in the 4th quarter. Halter Ferguson Financial Inc. now owns 600,863 shares of the company’s stock valued at $42,769,000 after acquiring an additional 24,957 shares in the last quarter. 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.