John Sheldon Peters Sells 3,608 Shares of Lemonade (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 3,608 shares of Lemonade stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $52.94, for a total transaction of $191,007.52. Following the completion of the transaction, the insider owned 81,386 shares of the company’s stock, valued at $4,308,574.84. The trade was a 4.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 Stock Down 0.2%

Shares of NYSE:LMND traded down $0.11 during midday trading on Friday, reaching $51.46. 1,708,664 shares of the company traded hands, compared to its average volume of 2,180,146. Lemonade, Inc. has a 12 month low of $35.70 and a 12 month high of $99.90. The firm’s fifty day moving average price is $59.35 and its two-hundred day moving average price is $67.54. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of -27.52 and a beta of 1.83.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.47) 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 company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $251.51 million. During the same quarter in the previous year, the company earned ($0.86) earnings per share. Lemonade’s revenue for the quarter was up 70.6% on a year-over-year basis. Analysts forecast that Lemonade, Inc. will post -1.69 earnings per share for the current year.

Institutional Trading of Lemonade

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in Lemonade by 107.3% during the 1st quarter. AQR Capital Management LLC now owns 30,490 shares of the company’s stock valued at $958,000 after buying an additional 15,779 shares during the period. Millennium Management LLC raised its position in Lemonade by 255.2% during the 1st quarter. Millennium Management LLC now owns 329,934 shares of the company’s stock valued at $10,370,000 after purchasing an additional 237,044 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Lemonade in the 1st quarter worth approximately $35,000. Goldman Sachs Group Inc. raised its holdings in shares of Lemonade by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 612,292 shares of the company’s stock valued at $19,244,000 after acquiring an additional 41,759 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in Lemonade in the second quarter valued at $307,000. Institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

LMND has been the topic of several recent analyst reports. Wolfe Research set a $44.00 price target on Lemonade in a report on Tuesday, February 24th. Keefe, Bruyette & Woods boosted their price target on shares of Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 24th. Piper Sandler dropped their price objective on shares of Lemonade from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Truist Financial lowered their price target on Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research note on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.89.

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.