Lemonade, Inc. (NYSE:LMND) Insider John Sheldon Peters Sells 28,985 Shares

Lemonade, Inc. (NYSE:LMND) insider John Sheldon Peters sold 28,985 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $38.67, for a total transaction of $1,120,849.95. Following the sale, the insider now owns 69,508 shares of the company’s stock, valued at approximately $2,687,874.36. This represents a 29.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

John Sheldon Peters also recently made the following trade(s):

• On Tuesday, December 3rd, John Sheldon Peters sold 1,790 shares of Lemonade stock. The shares were sold at an average price of $45.50, for a total transaction of $81,445.00.

Lemonade Stock Up 4.3 %

NYSE LMND opened at $37.95 on Friday. The company has a 50-day moving average price of $38.21 and a 200-day moving average price of $25.06. Lemonade, Inc. has a 52 week low of $14.03 and a 52 week high of $53.85. The firm has a market capitalization of $2.71 billion, a P/E ratio of -12.48 and a beta of 2.09.

Lemonade (NYSE:LMND) last announced its earnings results on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.07. The business had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $129.10 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.88) earnings per share. As a group, equities research analysts anticipate that Lemonade, Inc. will post -3.04 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LMND. Keefe, Bruyette & Woods cut shares of Lemonade from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $18.00 to $21.00 in a report on Thursday, November 7th. BMO Capital Markets raised 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, November 21st. JMP Securities increased their price objective on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd. Morgan Stanley raised Lemonade from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $23.00 to $42.00 in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group lowered their target price on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.43.

Hedge Funds Weigh In On Lemonade

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in Lemonade by 93.0% during the third quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after purchasing an additional 153,362 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Lemonade by 99.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company’s stock valued at $903,000 after acquiring an additional 27,265 shares during the period. Verition Fund Management LLC bought a new stake in Lemonade during the 3rd quarter worth approximately $1,571,000. GSA Capital Partners LLP raised its stake in Lemonade by 31.0% during the 3rd quarter. GSA Capital Partners LLP now owns 180,916 shares of the company’s stock worth $2,983,000 after acquiring an additional 42,822 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Lemonade by 1,549.0% during the third quarter. International Assets Investment Management LLC now owns 19,673 shares of the company’s stock valued at $324,000 after purchasing an additional 18,480 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

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.