Lemonade (NYSE:LMND) Stock Price Down 3.9%

Lemonade, Inc. (NYSE:LMND)’s share price traded down 3.9% during mid-day trading on Monday . The company traded as low as $17.55 and last traded at $17.62. 226,770 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,610,062 shares. The stock had previously closed at $18.34.

Lemonade Stock Performance

The company’s 50-day moving average is $18.68 and its 200-day moving average is $17.40. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -5.56 and a beta of 1.78.

Lemonade (NYSE:LMND) last released its earnings results on Tuesday, July 30th. The company reported ($0.81) EPS for the quarter, beating the consensus estimate of ($0.88) by $0.07. The company had revenue of $122.00 million during the quarter, compared to analysts’ expectations of $121.77 million. Lemonade had a negative return on equity of 30.34% and a negative net margin of 44.24%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm earned ($0.97) EPS. On average, analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.

Insider Buying and Selling at Lemonade

In other news, CFO Timothy E. Bixby sold 2,050 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total transaction of $37,392.00. Following the completion of the transaction, the chief financial officer now directly owns 271,552 shares in the company, valued at approximately $4,953,108.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Lemonade

Several hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Lemonade during the 2nd quarter worth approximately $14,181,000. General Equity Holdings LP acquired a new stake in shares of Lemonade during the second quarter worth $5,198,000. GSA Capital Partners LLP bought a new stake in Lemonade in the 1st quarter valued at $3,100,000. Millennium Management LLC boosted its stake in Lemonade by 388.7% in the 2nd quarter. Millennium Management LLC now owns 165,689 shares of the company’s stock worth $2,734,000 after purchasing an additional 131,784 shares during the period. Finally, Caxton Associates LP bought a new position in Lemonade during the 2nd quarter worth about $737,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Company Profile

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.