Lemonade, Inc. (NYSE:LMND) Director Sells $1,017,692.82 in Stock

Lemonade, Inc. (NYSE:LMND) Director Maria Angelidis-Smith sold 33,554 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $30.33, for a total value of $1,017,692.82. Following the transaction, the director now owns 40,916 shares of the company’s stock, valued at $1,240,982.28. The trade was a 45.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, November 13th, Maria Angelidis-Smith bought 15,042 shares of Lemonade stock. The stock was bought at an average price of $33.23 per share, with a total value of $499,845.66.
• On Friday, November 8th, Maria Angelidis-Smith bought 18,512 shares of Lemonade stock. The stock was bought at an average price of $27.42 per share, with a total value of $507,599.04.

Lemonade Stock Up 16.0 %

NYSE:LMND opened at $46.58 on Thursday. The business’s 50-day moving average price is $21.71 and its two-hundred day moving average price is $19.07. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $48.15. The stock has a market cap of $3.33 billion, a P/E ratio of -15.32 and a beta of 1.68.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share for the quarter, beating the consensus estimate of ($1.02) by $0.07. The firm had revenue of $136.60 million for the quarter, compared to analysts’ expectations of $129.10 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.88) EPS. On average, equities research analysts expect that Lemonade, Inc. will post -3.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on LMND. Keefe, Bruyette & Woods downgraded Lemonade from a “market perform” rating to an “underperform” rating and raised their target price for the stock from $18.00 to $21.00 in a research note on Thursday, November 7th. Jefferies Financial Group cut their target price on Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, October 9th. Morgan Stanley upgraded Lemonade from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $23.00 to $42.00 in a research note on Wednesday. Piper Sandler raised their target price on Lemonade from $18.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Lemonade in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.50.

Hedge Funds Weigh In On Lemonade

A number of large investors have recently modified their holdings of LMND. Blue Trust Inc. raised its holdings in shares of Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after buying an additional 1,879 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings 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 valued at $74,000 after buying an additional 3,403 shares in the last quarter. Quest Partners LLC raised its holdings 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 valued at $150,000 after buying an additional 8,584 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Lemonade during the 2nd quarter valued at about $180,000. Finally, Bristlecone Advisors LLC purchased a new position in shares of Lemonade during the 3rd quarter valued at about $218,000. 80.30% of the stock is owned by hedge funds and other 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.