Lemonade, Inc. (NYSE:LMND) Director Purchases $507,599.04 in Stock

Lemonade, Inc. (NYSE:LMND) Director Maria Angelidis-Smith acquired 18,512 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $27.42 per share, for a total transaction of $507,599.04. Following the completion of the transaction, the director now directly owns 18,512 shares in the company, valued at approximately $507,599.04. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Maria Angelidis-Smith also recently made the following trade(s):

• On Wednesday, November 13th, Maria Angelidis-Smith purchased 15,042 shares of Lemonade stock. The stock was acquired at an average price of $33.23 per share, with a total value of $499,845.66.

Lemonade Stock Up 5.0 %

Lemonade stock opened at $33.30 on Friday. The firm’s fifty day moving average is $20.36 and its 200 day moving average is $18.59. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $35.17. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -10.95 and a beta of 1.68.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, topping 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 company had revenue of $136.60 million during the quarter, compared to analyst estimates of $129.10 million. During the same quarter last year, the business posted ($0.88) earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. On average, equities research analysts anticipate that Lemonade, Inc. will post -3.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LMND. Piper Sandler upped 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. Morgan Stanley upped their price target on Lemonade from $15.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday. Jefferies Financial Group reduced their price objective on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods downgraded shares of Lemonade from a “market perform” rating to an “underperform” rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Thursday, November 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Lemonade in a research note on Tuesday, October 15th. 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.com, the company currently has an average rating of “Hold” and an average target price of $23.33.

Hedge Funds Weigh In On Lemonade

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in Lemonade by 220.0% during the third quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock worth $45,000 after buying an additional 1,879 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Lemonade by 321.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after purchasing an additional 3,403 shares during the period. Quest Partners LLC boosted its stake in shares of Lemonade by 1,647.6% during the 3rd quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock worth $150,000 after purchasing an additional 8,584 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Lemonade in the second quarter worth about $180,000. Finally, Bristlecone Advisors LLC purchased a new position in shares of Lemonade during the third quarter valued at approximately $218,000. 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.