Lemonade (NYSE:LMND) Insider John Sheldon Peters Sells 859 Shares of Stock

Lemonade, Inc. (NYSE:LMND) insider John Peters sold 859 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $54.63, for a total transaction of $46,927.17. Following the sale, the insider owned 76,083 shares in the company, valued at approximately $4,156,414.29. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, September 4th, John Peters sold 2,249 shares of Lemonade stock. The stock was sold at an average price of $54.45, for a total value of $122,458.05.
• On Thursday, August 13th, John Peters sold 11,000 shares of Lemonade stock. The stock was sold at an average price of $52.55, for a total value of $578,050.00.
• On Monday, July 6th, John Peters sold 3,444 shares of Lemonade stock. The shares were sold at an average price of $79.00, for a total value of $272,076.00.

Lemonade Trading Down 5.3%

Lemonade stock opened at $50.59 on Wednesday. The stock has a fifty day moving average price of $58.53 and a 200 day moving average price of $58.49. Lemonade, Inc. has a 52 week low of $46.16 and a 52 week high of $99.90. The firm has a market capitalization of $3.92 billion, a P/E ratio of -27.64 and a beta of 1.87.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.56) EPS for the quarter, meeting the consensus estimate of ($0.56). Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The company had revenue of $294.40 million during the quarter, compared to analysts’ expectations of $291.01 million. During the same quarter in the previous year, the business earned ($0.60) EPS. The firm’s revenue was up 79.4% on a year-over-year basis. As a group, equities analysts predict that Lemonade, Inc. will post -1.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LMND shares. Keefe, Bruyette & Woods upgraded shares of Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 price target on the stock in a report on Thursday, July 30th. Piper Sandler lowered their price target on Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating on shares of Lemonade in a research note on Tuesday, May 26th. Wall Street Zen lowered Lemonade from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Morgan Stanley decreased their target price on Lemonade from $65.00 to $56.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.50.

Trending Headlines about Lemonade

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Lemonade expanded its renters-insurance business into Kentucky, offering coverage starting at $5 per month. The move increases the company’s addressable market and supports its strategy of growing through a technology-driven, low-cost insurance offering. Lemonade Expands Renters Insurance to Kentucky
• Positive Sentiment: CEO Daniel Schreiber said most U.S. drivers may be overpaying because lower-mileage customers subsidize higher-mileage drivers. The comments highlight Lemonade’s potential differentiation through data-driven and usage-based pricing, although they do not represent a new financial forecast or product announcement. Most Drivers Are Overpaying
• Neutral Sentiment: CFO Tim Bixby is scheduled to participate in the KBW Insurance Conference on September 10. The event could provide updates on growth, profitability, and strategy, but no new guidance was announced. Lemonade CFO to Participate in Upcoming Investor Conferences
• Negative Sentiment: Brokerages have assigned Lemonade a consensus rating of “Hold,” signaling limited near-term conviction among analysts and potentially restraining buying interest. Lemonade Given Consensus Rating of Hold
• Negative Sentiment: Insiders John Peters and Maya Prosor sold shares worth approximately $226,200 in aggregate. The transactions were conducted under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, making them less concerning than discretionary sales, but they still add modest selling pressure and investor caution.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in shares of Lemonade by 9.7% in the second quarter. NewEdge Advisors LLC now owns 7,041 shares of the company’s stock worth $458,000 after buying an additional 621 shares during the period. Baird Financial Group Inc. acquired a new stake in Lemonade in the second quarter valued at approximately $3,529,000. Arizona State Retirement System raised its stake in shares of Lemonade by 3.7% during the second quarter. Arizona State Retirement System now owns 17,915 shares of the company’s stock valued at $1,165,000 after purchasing an additional 646 shares during the period. Nykredit A S acquired a new position in shares of Lemonade during the second quarter worth $156,000. Finally, Corient Private Wealth LP boosted its stake in shares of Lemonade by 253.0% in the second quarter. Corient Private Wealth LP now owns 17,210 shares of the company’s stock valued at $1,120,000 after purchasing an additional 12,335 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Company Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.