Insider Buying: Lemonade, Inc. (NYSE:LMND) Director Acquires 15,042 Shares of Stock

Lemonade, Inc. (NYSE:LMND) Director Maria Angelidis-Smith acquired 15,042 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of $33.23 per share, with a total value of $499,845.66. Following the completion of the acquisition, the director now owns 33,554 shares of the company’s stock, valued at $1,114,999.42. This represents a 81.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 8th, Maria Angelidis-Smith purchased 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 Performance

NYSE:LMND opened at $31.75 on Friday. Lemonade, Inc. has a one year low of $14.03 and a one year high of $34.95. The business has a fifty day moving average price of $19.81 and a 200-day moving average price of $18.39.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $129.10 million. During the same quarter in the prior year, the business posted ($0.88) EPS. Lemonade’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities research analysts anticipate that Lemonade, Inc. will post -3.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LMND. JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of Lemonade in a report on Tuesday, October 15th. Piper Sandler boosted their price objective on Lemonade from $18.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods downgraded Lemonade from a “market perform” rating to an “underperform” rating and boosted their price objective for the company from $18.00 to $21.00 in a research note on Thursday, November 7th. Finally, Jefferies Financial Group lowered their price objective on Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Lemonade presently has an average rating of “Hold” and a consensus target price of $21.83.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its holdings in shares of Lemonade by 220.0% in the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after acquiring an additional 1,879 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Lemonade by 321.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after purchasing an additional 3,403 shares during the last quarter. Quest Partners LLC lifted its stake in Lemonade by 1,647.6% in the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock worth $150,000 after purchasing an additional 8,584 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Lemonade during the second quarter worth approximately $180,000. Finally, Bristlecone Advisors LLC purchased a new position in Lemonade during the third quarter valued at approximately $218,000. Institutional investors own 80.30% of the company’s stock.

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.