Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Sheldon Peters sold 11,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $52.55, for a total value of $578,050.00. Following the completion of the transaction, the insider directly owned 76,942 shares in the company, valued at $4,043,302.10. The trade was a 12.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
John Sheldon Peters also recently made the following trade(s):
- On Monday, July 6th, John Sheldon Peters sold 3,444 shares of Lemonade stock. The shares were sold at an average price of $79.00, for a total value of $272,076.00.
- On Thursday, June 4th, John Sheldon Peters sold 3,608 shares of Lemonade stock. The shares were sold at an average price of $52.94, for a total value 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 Down 5.2%
NYSE LMND opened at $49.88 on Tuesday. Lemonade, Inc. has a 52 week low of $46.16 and a 52 week high of $99.90. The company has a market capitalization of $3.86 billion, a P/E ratio of -27.26 and a beta of 1.84. The stock's 50-day moving average price is $60.37 and its 200-day moving average price is $60.88.
Lemonade (NYSE:LMND - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported ($0.56) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.56). The company had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The firm's revenue was up 79.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.60) EPS. Research analysts anticipate that Lemonade, Inc. will post -1.83 EPS for the current year.
Hedge Funds Weigh In On Lemonade
Several hedge funds have recently modified their holdings of LMND. Caitong International Asset Management Co. Ltd grew its stake in Lemonade by 8,080.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company's stock valued at $29,000 after acquiring an additional 404 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Lemonade in the 4th quarter valued at $33,000. Torren Management LLC purchased a new stake in Lemonade in the 4th quarter worth $35,000. NewEdge Advisors LLC purchased a new stake in Lemonade in the 1st quarter worth $35,000. Finally, Strive Financial Group LLC bought a new position in shares of Lemonade during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 80.30% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on LMND. Cantor Fitzgerald reissued an "overweight" rating on shares of Lemonade in a research note on Tuesday, May 26th. Piper Sandler dropped their target price on shares of Lemonade from $75.00 to $51.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Truist Financial cut their price target on Lemonade from $98.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lemonade in a report on Friday, July 17th. Finally, UBS Group set a $75.00 price objective on Lemonade in a research report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $66.88.
Check Out Our Latest Stock Analysis on LMND
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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