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

Lemonade, Inc. (NYSE:LMND) insider Maya Prosor sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 of the company’s stock, valued at approximately $1,778,580. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lemonade Trading Down 0.9 %

Shares of NYSE:LMND opened at $31.99 on Thursday. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $34.95. The company has a market cap of $2.28 billion, a PE ratio of -10.52 and a beta of 1.68. The company’s 50 day moving average is $19.81 and its 200 day moving average is $18.39.

Lemonade (NYSE:LMND) last posted its earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.07. The company had revenue of $136.60 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.88) earnings per share. Equities research analysts predict that Lemonade, Inc. will post -3.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Lemonade

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in Lemonade by 220.0% in the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock worth $45,000 after purchasing an additional 1,879 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Lemonade by 1,647.6% in the 3rd quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock valued at $150,000 after purchasing an additional 8,584 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in Lemonade during the second quarter worth $180,000. Bristlecone Advisors LLC acquired a new stake in Lemonade during the third quarter valued at $218,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Lemonade in the first quarter valued at approximately $231,000. 80.30% of the stock is owned by institutional investors and hedge funds.

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.