John Sheldon Peters Sells 6,543 Shares of Lemonade, Inc. (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Sheldon Peters sold 6,543 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $45.00, for a total value of $294,435.00. Following the completion of the sale, the insider now directly owns 106,115 shares in the company, valued at approximately $4,775,175. The trade was a 5.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Sheldon Peters also recently made the following trade(s):

• On Tuesday, June 3rd, John Sheldon Peters sold 1,494 shares of Lemonade stock. The shares were sold at an average price of $35.25, for a total transaction of $52,663.50.

Lemonade Stock Performance

Shares of LMND stock traded down $3.09 during mid-day trading on Wednesday, hitting $41.84. The company's stock had a trading volume of 1,897,441 shares, compared to its average volume of 2,066,038. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -13.78 and a beta of 2.14. Lemonade, Inc. has a 52-week low of $14.90 and a 52-week high of $53.85. The business has a 50-day moving average price of $33.67 and a 200 day moving average price of $34.38.

Lemonade (NYSE:LMND - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.84) by ($0.02). Lemonade had a negative return on equity of 36.72% and a negative net margin of 38.90%. The business's revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.67) earnings per share. Equities research analysts predict that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

LMND has been the topic of several recent research reports. Piper Sandler cut their price target on Lemonade from $44.00 to $34.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley cut Lemonade from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $35.00 to $24.00 in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their price target on Lemonade from $25.00 to $22.00 and set an "underperform" rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lemonade currently has an average rating of "Hold" and a consensus price target of $28.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMND. SVB Wealth LLC purchased a new stake in Lemonade during the 1st quarter valued at $26,000. Quarry LP grew its holdings in shares of Lemonade by 300.4% in the fourth quarter. Quarry LP now owns 933 shares of the company's stock worth $34,000 after acquiring an additional 700 shares during the period. NewEdge Advisors LLC purchased a new stake in Lemonade during the first quarter valued at $35,000. Russell Investments Group Ltd. lifted its holdings in Lemonade by 318.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company's stock valued at $42,000 after acquiring an additional 867 shares during the period. Finally, Hollencrest Capital Management bought a new position in Lemonade in the first quarter valued at about $41,000. Institutional investors own 80.30% of the company's stock.

About Lemonade

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.