Lemonade (NYSE:LMND) Insider Maya Prosor Sells 1,040 Shares

Lemonade, Inc. (NYSE:LMND) insider Maya Prosor sold 1,040 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $54.63, for a total transaction of $56,815.20. Following the transaction, the insider owned 186,533 shares of the company’s stock, valued at approximately $10,190,297.79. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Lemonade Trading Down 5.3%

LMND stock opened at $50.59 on Wednesday. Lemonade, Inc. has a 12-month low of $46.16 and a 12-month high of $99.90. The business’s 50-day moving average is $58.53 and its 200 day moving average is $58.49. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -27.64 and a beta of 1.87.

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

Institutional Investors Weigh In On Lemonade

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Lemonade in the 2nd quarter worth approximately $393,408,000. California State Teachers Retirement System increased its holdings in Lemonade by 6,592.2% in the 2nd quarter. California State Teachers Retirement System now owns 4,877,709 shares of the company’s stock valued at $317,295,000 after purchasing an additional 4,804,822 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Lemonade by 186.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,484,175 shares of the company’s stock valued at $105,644,000 after purchasing an additional 965,321 shares during the period. Man Group plc acquired a new position in Lemonade during the fourth quarter worth $25,978,000. Finally, Goldman Sachs Group Inc. lifted its stake in Lemonade by 50.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 866,476 shares of the company’s stock worth $61,676,000 after purchasing an additional 291,122 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LMND has been the topic of several recent research reports. Wall Street Zen cut shares of Lemonade from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. UBS Group set a $75.00 target price on shares of Lemonade in a research report on Thursday, May 21st. TD Cowen reissued a “hold” rating on shares of Lemonade in a research note on Monday, June 8th. Morgan Stanley lowered their price target on shares of Lemonade from $65.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 19th. Finally, Piper Sandler dropped their price objective on shares of Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lemonade currently has a consensus rating of “Hold” and an average target price of $64.50.

Lemonade News Summary

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.

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.