Key Points
- CEO Daniel Schreiber sold 9,108 shares on January 23 at an average price of $99.04 for about $902,056, leaving him with 1,514,426 shares (a 0.60% reduction, valued ~ $149.99M).
- Shares have been volatile — the stock was reported down 10.5%, opened at $74.03, and trades within a 52‑week range of $24.31 to $99.90 with a market cap of $5.53 billion.
- Lemonade beat recent quarterly EPS and revenue estimates (EPS $(0.51) vs. $(0.72) expected; revenue $194.5M vs. $185.06M) and revenue rose 42.4% year‑over‑year, but the company remains unprofitable with negative net margin and ROE; analysts’ consensus rating is Hold with a $71.50 average price target.
Lemonade, Inc. (NYSE:LMND - Get Free Report) CEO Daniel Schreiber sold 9,108 shares of the company's stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $99.04, for a total transaction of $902,056.32. Following the completion of the sale, the chief executive officer directly owned 1,514,426 shares of the company's stock, valued at $149,988,751.04. This trade represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Lemonade Stock Down 10.5%
Shares of NYSE:LMND opened at $74.03 on Thursday. The stock has a market cap of $5.53 billion, a PE ratio of -30.97 and a beta of 2.03. The company's fifty day moving average is $80.16 and its 200 day moving average is $64.11. Lemonade, Inc. has a 52 week low of $24.31 and a 52 week high of $99.90.
Lemonade (NYSE:LMND - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 31.86% and a negative net margin of 26.39%.The company's revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.95) earnings per share. Sell-side analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have commented on LMND shares. Truist Financial started coverage on Lemonade in a research note on Tuesday, January 6th. They issued a "buy" rating and a $98.00 price target on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Lemonade in a report on Thursday, January 22nd. JMP Securities set a $80.00 target price on shares of Lemonade in a research note on Monday, November 24th. Piper Sandler lowered their price target on shares of Lemonade from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, October 10th. Finally, Citigroup reissued an "outperform" rating on shares of Lemonade in a report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $71.50.
Get Our Latest Stock Report on Lemonade
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in LMND. Meridian Wealth Management LLC bought a new stake in shares of Lemonade during the 4th quarter valued at about $226,000. Swiss Life Asset Management Ltd bought a new stake in Lemonade during the 4th quarter valued at approximately $215,000. International Assets Investment Management LLC purchased a new position in shares of Lemonade during the 4th quarter worth approximately $153,000. K.J. Harrison & Partners Inc bought a new position in shares of Lemonade in the 4th quarter worth approximately $712,000. Finally, Privium Fund Management B.V. raised its position in shares of Lemonade by 71.2% in the 4th quarter. Privium Fund Management B.V. now owns 248,259 shares of the company's stock worth $17,671,000 after acquiring an additional 103,259 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.
Lemonade Company Profile
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Get Free Report)
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.
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