Insider Selling: Lemonade, Inc. (NYSE:LMND) Insider Sells 6,543 Shares of Stock

Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Sheldon Peters sold 6,543 shares of Lemonade stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $45.00, for a total value of $294,435.00. Following the completion of the transaction, the insider now owns 106,115 shares in the company, valued at approximately $4,775,175. This represents a 5.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 value of $52,663.50.

Lemonade Stock Down 1.7%

Shares of LMND stock traded down $0.71 during mid-day trading on Friday, reaching $42.09. 3,216,413 shares of the stock traded hands, compared to its average volume of 2,088,904. The stock's fifty day simple moving average is $34.58 and its two-hundred day simple moving average is $34.42. Lemonade, Inc. has a 1-year low of $14.90 and a 1-year high of $53.85. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -13.84 and a beta of 2.14.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.86) EPS 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 firm's revenue was up 27.0% compared to the same quarter last year. During the same period last year, the business earned ($0.67) earnings per share. On average, equities research analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Lemonade

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SVB Wealth LLC acquired a new position in shares of Lemonade in the first quarter worth approximately $26,000. Quarry LP lifted its stake in Lemonade by 300.4% in the fourth quarter. Quarry LP now owns 933 shares of the company's stock valued at $34,000 after buying an additional 700 shares during the period. NewEdge Advisors LLC acquired a new position in Lemonade in the first quarter valued at approximately $35,000. Hollencrest Capital Management acquired a new position in Lemonade in the first quarter valued at approximately $41,000. Finally, Russell Investments Group Ltd. lifted its stake 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 buying an additional 867 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on LMND. Keefe, Bruyette & Woods decreased their target price on Lemonade from $25.00 to $22.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley lowered Lemonade from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $35.00 to $24.00 in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $28.17.

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.