Lemonade, Inc. (NYSE:LMND) CFO Sells $37,392.00 in Stock

Lemonade, Inc. (NYSE:LMND) CFO Timothy E. Bixby sold 2,050 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total transaction of $37,392.00. Following the completion of the sale, the chief financial officer now owns 271,552 shares in the company, valued at $4,953,108.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lemonade Stock Up 1.3 %

LMND opened at $18.25 on Friday. The stock has a market cap of $1.29 billion, a P/E ratio of -5.83 and a beta of 1.78. Lemonade, Inc. has a 12 month low of $10.27 and a 12 month high of $24.55. The company has a fifty day simple moving average of $18.68 and a 200 day simple moving average of $17.36.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.81) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.88) by $0.07. Lemonade had a negative return on equity of 30.34% and a negative net margin of 44.24%. The company had revenue of $122.00 million during the quarter, compared to the consensus estimate of $121.77 million. During the same period in the prior year, the company earned ($0.97) earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Lemonade by 8.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,938 shares of the company’s stock worth $1,853,000 after buying an additional 9,107 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Lemonade during the 1st quarter worth approximately $477,000. Trexquant Investment LP bought a new position in shares of Lemonade during the 4th quarter worth approximately $272,000. Tidal Investments LLC acquired a new stake in shares of Lemonade in the first quarter valued at approximately $718,000. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Lemonade by 18.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,226 shares of the company’s stock worth $283,000 after purchasing an additional 2,710 shares in the last quarter. 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.