Maya Prosor Sells 30,000 Shares of Lemonade, Inc. (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) insider Maya Prosor sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the insider now owns 29,286 shares of the company’s stock, valued at approximately $1,464,300. The trade was a 50.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Maya Prosor also recently made the following trade(s):

• On Monday, November 11th, Maya Prosor sold 20,000 shares of Lemonade stock. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00.

Lemonade Stock Down 2.2 %

NYSE:LMND opened at $49.92 on Wednesday. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $53.85. The stock has a market cap of $3.56 billion, a P/E ratio of -16.42 and a beta of 1.68. The firm’s fifty day simple moving average is $24.27 and its 200 day simple moving average is $20.02.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in 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 purchasing an additional 1,879 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted 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 grew its position 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 worth $150,000 after buying an additional 8,584 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of Lemonade in the 2nd quarter worth about $180,000. Finally, Bristlecone Advisors LLC purchased a new position in Lemonade during the 3rd quarter valued at about $218,000. Institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LMND shares. BMO Capital Markets lifted their price objective on Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Thursday, November 21st. Piper Sandler boosted their price objective on Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Jefferies Financial Group cut their target price on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, October 9th. JMP Securities upped their price target on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Finally, Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $23.00 to $42.00 in a report on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Lemonade has a consensus rating of “Hold” and a consensus price target of $30.43.

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.