Key Points
- Lemonade insider John Sheldon Peters sold 3,444 shares on July 6 at an average price of $79.00, totaling $272,076. After the sale, he still held 77,942 shares, reducing his position by 4.23%.
- The company’s recent earnings topped expectations, with Q1 EPS of -$0.47 versus an expected -$0.58 and revenue of $258 million, up 70.6% year over year.
- Wall Street remains mixed on LMND: analysts currently have a consensus “Hold” rating with a $65.33 target, while recent price targets ranged from bullish to bearish and included both buy and underperform calls.
Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Sheldon Peters sold 3,444 shares of the business's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $79.00, for a total transaction of $272,076.00. Following the transaction, the insider owned 77,942 shares in the company, valued at $6,157,418. This represents a 4.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
John Sheldon Peters also recently made the following trade(s):
- On Thursday, June 4th, John Sheldon Peters sold 3,608 shares of Lemonade stock. The stock was sold at an average price of $52.94, for a total transaction of $191,007.52.
- On Wednesday, June 3rd, John Sheldon Peters sold 1,735 shares of Lemonade stock. The shares were sold at an average price of $53.17, for a total value of $92,249.95.
Lemonade Stock Performance
LMND stock opened at $70.89 on Thursday. Lemonade, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $99.90. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of -37.91 and a beta of 1.79. The business's 50 day moving average price is $58.64 and its two-hundred day moving average price is $65.18.
Lemonade (NYSE:LMND - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported ($0.47) EPS for the quarter, beating analysts' consensus estimates of ($0.58) by $0.11. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The company had revenue of $258.00 million during the quarter, compared to analysts' expectations of $251.51 million. During the same quarter last year, the business posted ($0.86) EPS. The firm's revenue for the quarter was up 70.6% compared to the same quarter last year. Sell-side analysts forecast that Lemonade, Inc. will post -1.71 earnings per share for the current year.
Lemonade News Roundup
Here are the key news stories impacting Lemonade this week:
- Positive Sentiment: Lemonade expanded its renters insurance product into Vermont, broadening its addressable market and reinforcing its push to scale its tech-driven insurance platform. Lemonade Expands Renters Insurance to Vermont
- Positive Sentiment: Morgan Stanley reaffirmed its equal weight rating and set a $75 price target, suggesting modest upside from recent trading levels. Morgan Stanley Reaffirms Equal Weight Rating
- Neutral Sentiment: Zacks highlighted Lemonade’s strong 88.7% share gain over the past year, citing AI-driven growth and improving underwriting, but also noting that the stock’s valuation remains rich. Lemonade Stock Surges 88.7% in a Year: How Should You Play the Stock?
- Neutral Sentiment: Keefe, Bruyette & Woods raised its price target to $48 but kept an underperform rating, signaling that the firm still sees meaningful downside after the recent rally. Keefe, Bruyette & Woods Raises Target but Keeps Underperform
- Negative Sentiment: Insider John Sheldon Peters sold 3,444 shares, a transaction that can be read as a lack of near-term conviction and may add to pressure on LMND. John Sheldon Peters Insider Sale
- Negative Sentiment: A market commentary piece said the stock is no longer a buy after its sharp run-up, with valuation now viewed as fairly priced rather than cheap. Why Lemonade Stock Wilted by Almost 9% on Wednesday
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of Lemonade from $98.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. Citizens Jmp dropped their price objective on shares of Lemonade from $85.00 to $80.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 30th. UBS Group set a $75.00 price objective on shares of Lemonade in a report on Thursday, May 21st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Lemonade in a research note on Tuesday, May 26th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lemonade in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $65.33.
Check Out Our Latest Report on LMND
Hedge Funds Weigh In On Lemonade
Several institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Lemonade by 8,080.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company's stock worth $29,000 after purchasing an additional 404 shares during the last quarter. Strategic Advocates LLC purchased a new stake in Lemonade during the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in Lemonade during the 4th quarter valued at about $33,000. Torren Management LLC bought a new stake in Lemonade during the 4th quarter valued at about $35,000. Finally, NewEdge Advisors LLC purchased a new position in Lemonade in the first quarter worth about $35,000. 80.30% of the stock is currently owned by institutional investors.
About Lemonade
(
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.
Further Reading
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