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 shares were 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 owns 189,653 shares of the company’s stock, valued at $7,586,120. The trade was a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 transaction of $1,182,200.00.

Lemonade Price Performance

Lemonade stock opened at $49.28 on Friday. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $52.22. The business has a fifty day moving average price of $22.98 and a 200-day moving average price of $19.52. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -16.21 and a beta of 1.68.

Lemonade (NYSE:LMND) last issued 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 return on equity of 32.85% and a negative net margin of 43.51%. The business had revenue of $136.60 million during the quarter, compared to the consensus estimate of $129.10 million. During the same quarter last year, the company earned ($0.88) earnings per share. The company’s quarterly 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.

Institutional Trading of Lemonade

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in shares of Lemonade by 220.0% in 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 last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Lemonade by 321.3% in the 3rd 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. Quest Partners LLC lifted its position in 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 acquiring an additional 8,584 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in Lemonade during the 2nd quarter valued at about $180,000. Finally, Bristlecone Advisors LLC acquired a new position in shares of Lemonade in the third quarter valued at about $218,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LMND. 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. JMP Securities increased their target price on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research report on Friday. Piper Sandler boosted their price target on Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets raised their price objective on Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research report on Thursday. Finally, 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. Three equities 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.43.

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.