Maria Angelidis-Smith Acquires 15,042 Shares of Lemonade, Inc. (NYSE:LMND) Stock

Lemonade, Inc. (NYSE:LMND) Director Maria Angelidis-Smith bought 15,042 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $33.23 per share, for a total transaction of $499,845.66. Following the completion of the acquisition, the director now directly owns 33,554 shares in the company, valued at approximately $1,114,999.42. This trade represents a 81.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 8th, Maria Angelidis-Smith acquired 18,512 shares of Lemonade stock. The stock was purchased at an average cost of $27.42 per share, for a total transaction of $507,599.04.

Lemonade Stock Performance

Shares of NYSE LMND opened at $31.75 on Friday. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $34.95. The firm’s 50-day simple moving average is $19.81 and its 200 day simple moving average is $18.39.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share 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 firm had revenue of $136.60 million for the quarter, compared to analysts’ expectations of $129.10 million. During the same quarter last year, the business posted ($0.88) EPS. Lemonade’s revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts expect that Lemonade, Inc. will post -3.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LMND has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of Lemonade from $18.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Jefferies Financial Group reduced 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. Keefe, Bruyette & Woods downgraded shares of Lemonade from a “market perform” rating to an “underperform” rating and upped their price objective for the company from $18.00 to $21.00 in a research note on Thursday, November 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Lemonade in a research note on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.83.

Institutional Investors Weigh In On Lemonade

Large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its stake 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 buying an additional 1,879 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Lemonade by 321.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after buying an additional 3,403 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Lemonade by 1,647.6% during the third 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 last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Lemonade in the second quarter valued at $180,000. Finally, Bristlecone Advisors LLC acquired a new position in shares of Lemonade in the third quarter valued at $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.