Lemonade, Inc. (NYSE:LMND) Insider Maya Prosor Sells 20,000 Shares

Lemonade, Inc. (NYSE:LMND) insider Maya Prosor sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the insider now owns 59,286 shares in the company, valued at approximately $1,778,580. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Lemonade Stock Down 0.9 %

Shares of NYSE:LMND opened at $31.99 on Thursday. The business’s 50 day moving average is $19.81 and its 200 day moving average is $18.39. The stock has a market cap of $2.28 billion, a P/E ratio of -10.52 and a beta of 1.68. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $34.95.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, beating the consensus estimate of ($1.02) by $0.07. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The firm had revenue of $136.60 million for the quarter, compared to analyst estimates of $129.10 million. During the same quarter last year, the firm posted ($0.88) earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, sell-side analysts anticipate that Lemonade, Inc. will post -3.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Lemonade

Several hedge funds have recently modified their holdings of the business. Marshall Wace LLP bought a new position in Lemonade in the second quarter worth approximately $14,181,000. Landscape Capital Management L.L.C. raised its position in shares of Lemonade by 17.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock worth $5,308,000 after acquiring an additional 48,260 shares in the last quarter. FMR LLC raised its position in shares of Lemonade by 93.0% in the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock worth $5,249,000 after acquiring an additional 153,362 shares in the last quarter. General Equity Holdings LP purchased a new stake in shares of Lemonade during the 2nd quarter worth $5,198,000. Finally, GSA Capital Partners LLP boosted its position in Lemonade by 31.0% during the third quarter. GSA Capital Partners LLP now owns 180,916 shares of the company’s stock valued at $2,983,000 after purchasing an additional 42,822 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler boosted their price objective on Lemonade from $18.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Lemonade in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods cut shares of Lemonade from a “market perform” rating to an “underperform” rating and boosted their price objective for the company from $18.00 to $21.00 in a research report on Thursday, November 7th. Finally, Jefferies Financial Group lowered their target price on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.83.

Lemonade Company Profile

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.