Key Points
- Adina Eckstein, Lemonade's COO, sold 29,237 shares on Dec. 9 at $77.17 for about $2.26M, and executed additional large sales in Nov–Dec — roughly $8.9M total — reducing her stake by 12.52% to 204,229 shares.
- Lemonade beat expectations in its latest quarter with EPS of ($0.51) vs. ($0.72) expected and revenue of $194.5M (up 42.4% year-over-year), but remains unprofitable with a negative net margin of 26.39% and negative ROE of 31.86%.
- The stock trades near $78.49 (12‑month high $83.77) with a $5.87B market cap, and analysts are mixed — consensus rating is Hold with an average target of $58.57.
Lemonade, Inc. (NYSE:LMND - Get Free Report) COO Adina Eckstein sold 29,237 shares of the firm's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $77.17, for a total transaction of $2,256,219.29. Following the sale, the chief operating officer owned 204,229 shares in the company, valued at $15,760,351.93. This trade represents a 12.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Adina Eckstein also recently made the following trade(s):
- On Monday, December 8th, Adina Eckstein sold 41,557 shares of Lemonade stock. The shares were sold at an average price of $78.95, for a total transaction of $3,280,925.15.
- On Monday, November 10th, Adina Eckstein sold 5,988 shares of Lemonade stock. The shares were sold at an average price of $78.00, for a total value of $467,064.00.
- On Friday, November 7th, Adina Eckstein sold 40,000 shares of Lemonade stock. The shares were sold at an average price of $73.02, for a total value of $2,920,800.00.
Lemonade Stock Down 0.9%
NYSE LMND opened at $78.49 on Thursday. Lemonade, Inc. has a 12-month low of $24.31 and a 12-month high of $83.77. The firm's 50 day moving average is $64.67 and its 200-day moving average is $52.61. The company has a market capitalization of $5.87 billion, a PE ratio of -32.84 and a beta of 2.13.
Lemonade (NYSE:LMND - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.21. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The firm had revenue of $194.50 million for the quarter, compared to analysts' expectations of $185.06 million. During the same period in the previous year, the firm posted ($0.95) EPS. The company's revenue for the quarter was up 42.4% on a year-over-year basis. As a group, sell-side analysts expect that Lemonade, Inc. will post -3.03 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Lemonade from $49.00 to $53.00 and gave the stock an "underweight" rating in a report on Monday, November 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Lemonade in a research report on Wednesday, October 8th. Citigroup reaffirmed a "market outperform" rating on shares of Lemonade in a research report on Monday, November 24th. JMP Securities set a $80.00 price target on Lemonade in a report on Monday, November 24th. Finally, Citizens Jmp raised their price objective on Lemonade from $60.00 to $80.00 and gave the stock a "market outperform" rating in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Lemonade presently has an average rating of "Hold" and a consensus target price of $58.57.
View Our Latest Report on LMND
Hedge Funds Weigh In On Lemonade
Several hedge funds and other institutional investors have recently bought and sold shares of LMND. Titleist Asset Management LLC boosted its stake in Lemonade by 4.1% during the third quarter. Titleist Asset Management LLC now owns 4,832 shares of the company's stock worth $259,000 after acquiring an additional 189 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Lemonade by 4.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,683 shares of the company's stock valued at $249,000 after purchasing an additional 220 shares during the period. CWM LLC increased its stake in shares of Lemonade by 9.9% during the 3rd quarter. CWM LLC now owns 2,518 shares of the company's stock worth $135,000 after purchasing an additional 227 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Lemonade by 30.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company's stock valued at $45,000 after acquiring an additional 243 shares during the period. Finally, Watershed Private Wealth LLC increased its position in shares of Lemonade by 4.9% during the third quarter. Watershed Private Wealth LLC now owns 8,170 shares of the company's stock valued at $437,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.
Lemonade Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
