Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Peters sold 859 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $54.63, for a total value of $46,927.17. Following the sale, the insider owned 76,083 shares of the company's stock, valued at $4,156,414.29. This represents a 1.12% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
John Sheldon Peters also recently made the following trade(s):
- On Friday, September 4th, John Peters sold 2,249 shares of Lemonade stock. The shares were sold at an average price of $54.45, for a total value of $122,458.05.
- On Thursday, August 13th, John Peters sold 11,000 shares of Lemonade stock. The stock was sold at an average price of $52.55, for a total transaction of $578,050.00.
- On Monday, July 6th, John 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.
Lemonade Stock Down 5.3%
NYSE:LMND opened at $50.59 on Wednesday. The company has a market cap of $3.92 billion, a PE ratio of -27.64 and a beta of 1.87. The business's 50 day moving average is $58.53 and its two-hundred day moving average is $58.49. Lemonade, Inc. has a 52 week low of $46.16 and a 52 week high of $99.90.
Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.56) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.56). Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The business had revenue of $294.40 million for the quarter, compared to analyst estimates of $291.01 million. During the same period in the prior year, the company posted ($0.60) EPS. The business's revenue was up 79.4% compared to the same quarter last year. As a group, sell-side analysts expect that Lemonade, Inc. will post -1.85 EPS for the current fiscal year.
Institutional Trading of Lemonade
Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Lemonade by 8,080.0% in 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. Ameritas Advisory Services LLC acquired a new position in shares of Lemonade during the 2nd quarter valued at $30,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Lemonade during the 4th quarter valued at $33,000. Strive Financial Group LLC bought a new stake in shares of Lemonade in the 4th quarter worth $38,000. Finally, State of Wyoming acquired a new stake in shares of Lemonade in the first quarter valued at $42,000. 80.30% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on LMND. Morgan Stanley lowered their price objective on shares of Lemonade from $65.00 to $56.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 19th. Cantor Fitzgerald restated an "overweight" rating on shares of Lemonade in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods raised Lemonade from an "underperform" rating to a "market perform" rating and set a $48.00 target price for the company in a report on Thursday, July 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lemonade in a research report on Friday, July 17th. Finally, UBS Group set a $75.00 price target on Lemonade in a report on Thursday, May 21st. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $64.50.
Read Our Latest Research Report on LMND
Trending Headlines about Lemonade
Here are the key news stories impacting Lemonade this week:
- Positive Sentiment: Lemonade expanded its renters-insurance business into Kentucky, offering coverage starting at $5 per month. The move increases the company’s addressable market and supports its strategy of growing through a technology-driven, low-cost insurance offering. Lemonade Expands Renters Insurance to Kentucky
- Positive Sentiment: CEO Daniel Schreiber said most U.S. drivers may be overpaying because lower-mileage customers subsidize higher-mileage drivers. The comments highlight Lemonade’s potential differentiation through data-driven and usage-based pricing, although they do not represent a new financial forecast or product announcement. Most Drivers Are Overpaying
- Neutral Sentiment: CFO Tim Bixby is scheduled to participate in the KBW Insurance Conference on September 10. The event could provide updates on growth, profitability, and strategy, but no new guidance was announced. Lemonade CFO to Participate in Upcoming Investor Conferences
- Negative Sentiment: Brokerages have assigned Lemonade a consensus rating of “Hold,” signaling limited near-term conviction among analysts and potentially restraining buying interest. Lemonade Given Consensus Rating of Hold
- Negative Sentiment: Insiders John Peters and Maya Prosor sold shares worth approximately $226,200 in aggregate. The transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, making them less concerning than discretionary sales, but they still add modest selling pressure and investor caution.
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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