Lemonade (NYSE:LMND) Insider John Sheldon Peters Sells 3,571 Shares

Key Points

• Insider sale: On March 4, Lemonade insider John Sheldon Peters sold 3,571 shares at $52.50 for $187,477.50, cutting his stake by 4.45% to 76,729 shares, and he has completed several other share sales earlier this year.
• Mixed fundamentals and market view: Lemonade reported Q results with EPS of -$0.29 (beating estimates of -$0.41) and revenue up 53.3%, but remains unprofitable with negative margins and ROE; the stock trades around $55 and carries a MarketBeat consensus rating of "Hold" with an average target of $68.75.

Lemonade, Inc. (NYSE:LMND - Get Free Report) insider John Sheldon Peters sold 3,571 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $52.50, for a total value of $187,477.50. Following the completion of the sale, the insider directly owned 76,729 shares in the company, valued at $4,028,272.50. This represents a 4.45% 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, March 3rd, John Sheldon Peters sold 1,773 shares of Lemonade stock. The stock was sold at an average price of $50.12, for a total transaction of $88,862.76.
• On Thursday, January 22nd, John Sheldon Peters sold 9,000 shares of Lemonade stock. The stock was sold at an average price of $90.00, for a total value of $810,000.00.
• On Tuesday, January 6th, John Sheldon Peters sold 10,000 shares of Lemonade stock. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00.
• On Wednesday, December 10th, John Sheldon Peters sold 3,554 shares of Lemonade stock. The shares were sold at an average price of $81.00, for a total transaction of $287,874.00.

Lemonade Stock Up 0.5%

Lemonade stock traded up $0.27 during trading hours on Thursday, hitting $55.04. The stock had a trading volume of 1,961,348 shares, compared to its average volume of 2,817,813. The company has a 50-day moving average of $73.07 and a two-hundred day moving average of $66.28. Lemonade, Inc. has a fifty-two week low of $24.31 and a fifty-two week high of $99.90. The company has a market cap of $4.20 billion, a PE ratio of -24.35 and a beta of 2.12.

Lemonade (NYSE:LMND - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.29) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.12. Lemonade had a negative net margin of 22.43% and a negative return on equity of 31.19%. During the same quarter last year, the company posted ($0.42) EPS. The company's revenue was up 53.3% compared to the same quarter last year. As a group, analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Lemonade

A number of large investors have recently added to or reduced their stakes in LMND. Caitong International Asset Management Co. Ltd boosted its holdings in Lemonade by 8,080.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company's stock worth $29,000 after buying an additional 404 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Lemonade during the third quarter worth $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in Lemonade during the 4th quarter worth $33,000. Torren Management LLC purchased a new stake in shares of Lemonade in the 4th quarter worth approximately $35,000. Finally, Strive Financial Group LLC purchased a new stake in shares of Lemonade during the 4th quarter worth $38,000. Institutional investors own 80.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LMND. Cantor Fitzgerald boosted their price target on Lemonade from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, January 14th. Morgan Stanley set a $85.00 target price on shares of Lemonade and gave the company an "equal weight" rating in a report on Tuesday, December 16th. Citigroup reaffirmed an "outperform" rating on shares of Lemonade in a research report on Friday, January 16th. Citizens Jmp set a $80.00 price target on Lemonade in a report on Monday, November 24th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Lemonade in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $68.75.

Lemonade Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.