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

Lemonade, Inc. (NYSE:LMND) COO Adina Eckstein sold 23,644 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.00, for a total transaction of $945,760.00. Following the transaction, the chief operating officer now owns 189,653 shares of the company’s stock, valued at $7,586,120. This represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Lemonade Stock Performance

Shares of NYSE LMND opened at $49.28 on Friday. The firm has a market cap of $3.52 billion, a PE ratio of -16.21 and a beta of 1.68. Lemonade, Inc. has a one year low of $14.03 and a one year high of $52.22. The firm has a fifty day moving average of $22.98 and a 200 day moving average of $19.52.

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

Hedge Funds Weigh In On Lemonade

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its stake in Lemonade by 292.5% in the 3rd quarter. Barclays PLC now owns 87,414 shares of the company’s stock valued at $1,443,000 after purchasing an additional 65,144 shares during the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Lemonade in the third quarter valued at about $614,000. State Street Corp lifted its stake in shares of 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Lemonade by 321.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after acquiring an additional 3,403 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Lemonade during the 3rd quarter valued at about $1,571,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on LMND shares. JMP Securities raised their target price on Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Friday. Jefferies Financial Group dropped their price objective 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. 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 research note on Thursday, November 7th. BMO Capital Markets increased their price target on shares of Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Thursday. Finally, Piper Sandler lifted their price objective on shares of Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Lemonade currently has an average rating of “Hold” and an average target price of $30.43.

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.