Key Points
- John Sheldon Peters sold 3,554 Lemonade shares on Dec. 10 at an average of $81 for $287,874, trimming his stake by 4.78% to 70,771 shares (worth about $5.73M), per an SEC filing.
- The Dec. 10 sale is part of a recent string of insider dispositions from Nov. 20–Dec. 10 totaling roughly 31,626 shares and about $2.33M in proceeds.
- LMND is trading near $82 (up 4.6%) and close to its 12‑month high of $84.52 with a $6.13B market cap; analysts hold a consensus 'Hold' rating with a $58.57 target while the company remains unprofitable despite 42% year‑over‑year revenue growth.
Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Sheldon Peters sold 3,554 shares of the firm's stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $81.00, for a total value of $287,874.00. Following the sale, the insider owned 70,771 shares of the company's stock, valued at $5,732,451. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
John Sheldon Peters also recently made the following trade(s):
- On Wednesday, December 3rd, John Sheldon Peters sold 2,667 shares of Lemonade stock. The stock was sold at an average price of $72.37, for a total value of $193,010.79.
- On Tuesday, December 2nd, John Sheldon Peters sold 2,677 shares of Lemonade stock. The shares were sold at an average price of $72.74, for a total value of $194,724.98.
- On Monday, November 24th, John Sheldon Peters sold 3,798 shares of Lemonade stock. The stock was sold at an average price of $73.25, for a total value of $278,203.50.
- On Thursday, November 20th, John Sheldon Peters sold 18,930 shares of Lemonade stock. The shares were sold at an average price of $72.77, for a total value of $1,377,536.10.
Lemonade Trading Up 4.6%
LMND stock opened at $81.98 on Friday. Lemonade, Inc. has a twelve month low of $24.31 and a twelve month high of $84.52. The company has a market capitalization of $6.13 billion, a P/E ratio of -34.30 and a beta of 2.13. The firm has a 50 day simple moving average of $65.24 and a 200-day simple moving average of $52.81.
Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.21. The firm had revenue of $194.50 million for 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%. The firm's quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.95) earnings per share. On average, research analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on LMND. Citigroup reaffirmed a "market outperform" rating on shares of Lemonade in a research report on Monday, November 24th. Piper Sandler reduced their target price on Lemonade from $60.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Citizens Jmp lifted their target price on Lemonade from $60.00 to $80.00 and gave the stock a "market outperform" rating in a research report on Monday, November 24th. Morgan Stanley boosted their price target on Lemonade from $49.00 to $53.00 and gave the company an "underweight" rating in a report on Monday, November 17th. Finally, Keefe, Bruyette & Woods raised their price objective on Lemonade from $35.00 to $40.00 and gave the stock an "underperform" rating in a research note on Tuesday, November 25th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $58.57.
Check Out Our Latest Stock Report on LMND
Institutional Trading of Lemonade
A number of institutional investors and hedge funds have recently made changes to their positions in LMND. US Bancorp DE lifted its holdings in shares of Lemonade by 28.3% in the 1st quarter. US Bancorp DE now owns 2,406 shares of the company's stock worth $76,000 after purchasing an additional 531 shares during the last quarter. Vanguard Group Inc. increased its position 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 buying an additional 794,952 shares during the period. Invesco Ltd. lifted its stake in Lemonade by 92.0% in the first quarter. Invesco Ltd. now owns 147,319 shares of the company's stock valued at $4,630,000 after buying an additional 70,601 shares during the last quarter. Nuveen LLC acquired a new position in shares of Lemonade during the first quarter valued at $4,426,000. Finally, Liontrust Investment Partners LLP acquired a new position in shares of Lemonade during the first quarter valued at $2,792,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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