Insider Selling: Lemonade, Inc. (NYSE:LMND) COO Sells $945,760.00 in Stock

Lemonade, Inc. (NYSE:LMND) COO Adina Eckstein sold 23,644 shares of Lemonade stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.00, for a total value of $945,760.00. Following the completion of the sale, the chief operating officer now directly owns 189,653 shares of the company’s stock, valued at approximately $7,586,120. This trade represents a 11.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Adina Eckstein also recently made the following trade(s):

• On Thursday, November 21st, Adina Eckstein sold 23,644 shares of Lemonade stock. The stock was sold at an average price of $50.00, for a total transaction of $1,182,200.00.

Lemonade Price Performance

Lemonade stock traded down $2.29 during trading hours on Friday, reaching $48.07. The company had a trading volume of 1,639,569 shares, compared to its average volume of 1,756,962. Lemonade, Inc. has a 12-month low of $14.03 and a 12-month high of $52.22. The company has a 50-day moving average price of $22.36 and a 200 day moving average price of $19.29. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -16.57 and a beta of 1.68.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods cut shares of Lemonade from a “market perform” rating to an “underperform” rating and boosted their price target for the stock from $18.00 to $21.00 in a research note on Thursday, November 7th. JMP Securities upped their target price on shares of Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Friday. Jefferies Financial Group cut their price objective on Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, October 9th. Morgan Stanley raised Lemonade from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $23.00 to $42.00 in a report on Wednesday. Finally, BMO Capital Markets increased their price target on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.43.

Institutional Trading of Lemonade

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LMND. Barclays PLC increased its position in shares of Lemonade by 292.5% during the third quarter. Barclays PLC now owns 87,414 shares of the company’s stock valued at $1,443,000 after buying an additional 65,144 shares during the period. Main Management ETF Advisors LLC bought a new stake in Lemonade during the 3rd quarter valued at about $614,000. State Street Corp raised its holdings in Lemonade by 1.2% in the third quarter. State Street Corp now owns 1,233,662 shares of the company’s stock worth $20,343,000 after buying an additional 14,028 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Lemonade by 321.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after buying an additional 3,403 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Lemonade during the third quarter valued at approximately $1,571,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

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.