Key Points
- John Sheldon Peters sold 3,571 Lemonade shares on March 4 at an average price of $52.50 (about $187,478), cutting his stake by 4.45% after several earlier multi-thousand-share dispositions, a pattern that may raise investor caution.
- Lemonade stock traded up 1.8% to $56.02 after the company reported Q4 EPS of −$0.29 (beating estimates) and revenue up 53.3%, but it remains unprofitable and carries a consensus analyst rating of "Hold" with an average target of $68.75.
Lemonade, Inc. (NYSE:LMND - Get Free Report) insider Maya Prosor sold 223 shares of Lemonade stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $50.12, for a total transaction of $11,176.76. Following the completion of the sale, the insider owned 7,404 shares in the company, valued at approximately $371,088.48. This trade represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Lemonade Price Performance
LMND stock traded down $0.03 during trading on Friday, hitting $55.01. The stock had a trading volume of 1,228,696 shares, compared to its average volume of 2,781,083. Lemonade, Inc. has a twelve month low of $24.31 and a twelve month high of $99.90. The company's 50-day moving average price is $72.58 and its two-hundred day moving average price is $66.20. The stock has a market capitalization of $4.20 billion, a P/E ratio of -24.34 and a beta of 2.12.
Lemonade (NYSE:LMND - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.Lemonade's revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.42) earnings per share. As a group, sell-side analysts expect that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.
Key Lemonade News
Here are the key news stories impacting Lemonade this week:
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on LMND shares. Piper Sandler set a $65.00 price target on shares of Lemonade in a research report on Thursday, February 19th. Citigroup reaffirmed an "outperform" rating on shares of Lemonade in a research note on Friday, January 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lemonade in a research note on Thursday, January 22nd. Citizens Jmp set a $80.00 price objective on Lemonade in a report on Monday, November 24th. Finally, Cantor Fitzgerald increased their price target on Lemonade from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Lemonade presently has an average rating of "Hold" and an average target price of $68.75.
Read Our Latest Stock Analysis on LMND
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC increased its position in shares of Lemonade by 72.2% during the fourth quarter. Virtu Financial LLC now owns 45,145 shares of the company's stock worth $3,213,000 after acquiring an additional 18,929 shares during the period. Invesco Ltd. grew its stake in Lemonade by 112.6% during the 4th quarter. Invesco Ltd. now owns 144,021 shares of the company's stock worth $10,251,000 after purchasing an additional 76,265 shares in the last quarter. Rare Wolf Capital LLC purchased a new stake in Lemonade during the 4th quarter worth about $983,000. Corient Private Wealth LLC raised its position in Lemonade by 14.6% in the 4th quarter. Corient Private Wealth LLC now owns 6,740 shares of the company's stock valued at $480,000 after purchasing an additional 859 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in Lemonade in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 80.30% of the company's stock.
Lemonade Company Profile
(
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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