Lemonade, Inc. (NYSE:LMND) Insider Sells $52,663.50 in Stock

Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Sheldon Peters sold 1,494 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $35.25, for a total value of $52,663.50. Following the completion of the sale, the insider now directly owns 106,115 shares in the company, valued at $3,740,553.75. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Lemonade Stock Performance

Shares of NYSE:LMND traded down $0.03 during midday trading on Thursday, reaching $35.82. 3,417,546 shares of the company's stock traded hands, compared to its average volume of 1,981,409. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -11.78 and a beta of 2.14. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85. The stock has a 50 day moving average of $30.11 and a 200 day moving average of $35.00.

Lemonade (NYSE:LMND - Get Free Report) last posted 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 net margin of 43.51% and a negative return on equity of 32.85%. During the same period in the prior year, the company posted ($0.67) earnings per share. The firm's quarterly revenue was up 27.0% on a year-over-year basis. Sell-side analysts predict that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. SVB Wealth LLC bought a new position in shares of Lemonade in the first quarter worth about $26,000. Quarry LP raised its stake 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 buying an additional 700 shares during the period. NewEdge Advisors LLC bought a new position in shares of Lemonade in the first quarter worth about $35,000. Hollencrest Capital Management bought a new position in shares of Lemonade in the first quarter worth about $41,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Lemonade by 318.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company's stock worth $42,000 after buying an additional 867 shares during the period. Institutional investors own 80.30% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on LMND. Piper Sandler dropped their target price on Lemonade from $44.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Morgan Stanley downgraded Lemonade from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $35.00 to $24.00 in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their target price on Lemonade from $25.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Lemonade presently has an average 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.

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