Lemonade Inc. [LMND] Director makes an insider sale of 7,500 shares worth 162,056.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lemonade Inc. shares valued at $162,056 were sold by Eisenberg Michael A on Mar 17. At $21.61 per share, Eisenberg Michael A sold 7,500 shares. The insider’s holdings dropped to 106,670 shares worth approximately $2.49 million following the completion of this transaction.


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Also, Eisenberg Michael A sold 5,000 shares, netting a total of over 101,600 in proceeds. Following the sale of shares at $20.32 each, the insider now holds 114,170 shares.

Before that, Peters John Sheldon had sold 10,537 shares from its account. In a trade valued at $348,248, the Chief Insurance Officer traded Lemonade Inc. shares for $33.05 each. Upon closing the transaction, the insider’s holdings decreased to 10,537 shares, worth approximately $0.0.

As published in a research note from Piper Sandler on July 18, 2022, Lemonade Inc. [LMND] has been rated down from an Overweight to a Neutral and the price target has been revised to $20 from $24. This represents a -16.55% premium over Thursday’s closing price. Analysts at Jefferies started covering the stock with ‘”an Underperform”‘ outlook in a report released in mid November. As of August 17, 2021, Wolfe Research has initiated its “an Underperform” rating for LMND.

Analyzing LMND’s Price Performance

On Thursday, Lemonade Inc. [NYSE: LMND] rose 5.38% to $23.31. The stock’s lowest price that day was $22.22, but it reached a high of $23.36 in the same session. During the last five days, there has been a surge of approximately 17.49%. Over the course of the year, Lemonade Inc. shares have dropped approximately -44.64%. Shares of the company reached a 52-week high of $44.50 on 01/03/22 and a 52-week low of $15.99 on 05/12/22. A 50-day SMA is recorded $19.80, while a 200-day SMA reached $31.84. Nevertheless, trading volume fell to 1.37 million shares from 1.11 million shares the previous day.

Support And Resistance Levels for Lemonade Inc. (LMND)

According to the 24-hour chart, there is a support level at 22.57, which, if violated, would cause prices to drop to 21.82. In the upper region, resistance lies at 23.71. The next price resistance is at 24.10. RSI (Relative Strength Index) is 63.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.93, which suggests the price will increase in the coming days. Percent R is at 0.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Lemonade Inc. subject to short interest?

Stocks of Lemonade Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.33 million shares to 12.99 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.66 million shares. A jump of 2.54% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 12.33 of the overall float, the days-to-cover ratio (short ratio) jumped to 12.33.

Which companies own the most shares of Lemonade Inc. (LMND)?

According to Baillie Gifford & Co. filings, the company currently owns 5,136,088 shares, which is about 8.31% of the total LMND shares outstanding. The investor’s shares have appreciated by 139,833 from its previous 13-F filing of 4996255.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $58,916,949. BlackRock Fund Advisors acquire a 1.38% interest valued at $24.5 million while Morgan Stanley & Co. LLC purchased a 480,647 stake. A total of -171,244 shares of Lemonade Inc. were bought by SSgA Funds Management, Inc. during the quarter, and -33,541 were sold by Two Sigma Investments LP. In its current portfolio, Geode Capital Management LLC holds 489,992 shares valued at $8.95 million.

In terms of Lemonade Inc. share price expectations, FactSet research, analysts set an average price target of $22.94 in the next 12 months, down nearly -9.58% from the previous closing price of $22.12. Analysts anticipate Lemonade Inc. stock to reach $40.00 by 2022, with the lowest price target being $14.00. In spite of this, 10 analysts ranked Lemonade Inc. stock as a Hold at the end of 2022. On March 09, 2021, BofA Securities assigned a price target of “an Underperform” to the stock and initiated coverage with a $29.

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