Key Points
- John Sheldon Peters sold 2,667 shares on Dec. 3 at an average price of $72.37 for $193,010.79, reducing his stake by 3.46% to 74,325 shares — part of multiple recent insider sales including 18,930 shares on Nov. 20.
- Lemonade reported EPS -$0.51 (beating estimates of -$0.72) and revenue of $194.5M (+42.4% YoY) but remains unprofitable; the stock trades near $77.60 with a market cap of about $5.8B and a 12‑month range of $24.31–$83.77.
Lemonade, Inc. (NYSE:LMND - Get Free Report) insider Maya Prosor sold 198 shares of the business's stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $72.74, for a total value of $14,402.52. Following the completion of the transaction, the insider directly owned 7,627 shares in the company, valued at approximately $554,787.98. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Lemonade Stock Performance
LMND traded up $3.05 during trading on Friday, reaching $79.85. 642,141 shares of the company traded hands, compared to its average volume of 2,420,989. Lemonade, Inc. has a 12-month low of $24.31 and a 12-month high of $83.77. The firm has a fifty day simple moving average of $62.63 and a 200 day simple moving average of $51.14. The company has a market cap of $5.97 billion, a P/E ratio of -33.47 and a beta of 2.13.
Lemonade (NYSE:LMND - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.21. The company had revenue of $194.50 million during the quarter, compared to analysts' expectations of $185.06 million. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. Lemonade's quarterly revenue was up 42.4% on a year-over-year basis. During the same period last year, the company posted ($0.95) earnings per share. As a group, sell-side analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Lemonade
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Lemonade by 30.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,506,171 shares of the company's stock worth $187,685,000 after purchasing an additional 825,522 shares during the period. Vanguard Group Inc. lifted its stake in Lemonade by 14.9% in the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company's stock worth $192,931,000 after purchasing an additional 794,952 shares during the last quarter. BIT Capital GmbH boosted its position in shares of Lemonade by 69.3% during the third quarter. BIT Capital GmbH now owns 1,254,345 shares of the company's stock valued at $67,145,000 after buying an additional 513,424 shares during the period. Jump Financial LLC grew its stake in shares of Lemonade by 365.8% during the second quarter. Jump Financial LLC now owns 581,378 shares of the company's stock valued at $25,470,000 after buying an additional 456,571 shares during the last quarter. Finally, Halter Ferguson Financial Inc. grew its stake in shares of Lemonade by 101.3% during the third quarter. Halter Ferguson Financial Inc. now owns 575,906 shares of the company's stock valued at $30,828,000 after buying an additional 289,803 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a "market outperform" rating on shares of Lemonade in a report on Monday, November 24th. Cantor Fitzgerald raised Lemonade to a "strong-buy" rating in a research note on Wednesday, August 13th. JMP Securities set a $80.00 target price on Lemonade in a research report on Monday, November 24th. Morgan Stanley boosted their price target on shares of Lemonade from $49.00 to $53.00 and gave the stock an "underweight" rating in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lemonade in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $58.57.
Get Our Latest Stock Analysis on Lemonade
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.
Further Reading
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