Lemonade Sees Unusually Large Options Volume (NYSE:LMND)

Lemonade, Inc. (NYSE:LMND - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders purchased 17,303 call options on the stock. This represents an increase of approximately 69% compared to the typical volume of 10,217 call options.

Insider Buying and Selling

In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 387,282 shares of Lemonade stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $32.84, for a total value of $12,718,340.88. Following the sale, the insider now directly owns 7,111,441 shares in the company, valued at approximately $233,539,722.44. The trade was a 5.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 2,742,991 shares of company stock worth $87,349,818. 14.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lemonade

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its position in Lemonade by 2.6% in the 1st quarter. Rhumbline Advisers now owns 77,706 shares of the company's stock worth $2,442,000 after purchasing an additional 2,001 shares during the period. Caxton Associates LLP purchased a new stake in shares of Lemonade in the first quarter worth approximately $1,455,000. Goldman Sachs Group Inc. raised its holdings in shares of Lemonade by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 612,292 shares of the company's stock worth $19,244,000 after buying an additional 41,759 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Lemonade during the 1st quarter worth approximately $638,000. Finally, NewEdge Advisors LLC purchased a new position in Lemonade during the 1st quarter valued at $35,000. Institutional investors own 80.30% of the company's stock.

Lemonade Stock Down 0.1%

NYSE LMND traded down $0.03 during trading hours on Thursday, hitting $35.82. 3,417,546 shares of the company were exchanged, compared to its average volume of 1,981,408. The stock has a market cap of $2.62 billion, a PE ratio of -11.78 and a beta of 2.14. Lemonade has a 52 week low of $14.03 and a 52 week high of $53.85. The stock has a 50-day moving average price of $30.03 and a 200 day moving average price of $34.99.

Lemonade (NYSE:LMND - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.02). Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The business's quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.67) EPS. As a group, sell-side analysts anticipate that Lemonade will post -3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

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