How are energy investors positioned?
John Sheldon Peters, the Chief Insurance Officer at Lemonade, Inc. (NYSE:LMND), a $2.5 billion insurtech company that has seen its stock surge 115% over the past year according to InvestingPro data, recently sold a portion of his holdings in the company. According to a recent SEC filing, Peters sold 1,899 shares of Lemonade stock on March 4, 2025, at a price of $33.79 per share, amounting to a total transaction value of $64,167. The sale was executed to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units, as noted in the filing. Following this transaction, Peters maintains ownership of 87,609 shares in the company. InvestingPro analysis shows the company’s revenue growing at 22.5%, though the stock remains notably volatile with a beta of 2.12. Get access to 8 additional ProTips and comprehensive analysis with InvestingPro.
In other recent news, Lemonade Inc . reported its fourth-quarter 2024 earnings, showcasing a notable revenue increase of 29% year-over-year, reaching $149 million, which exceeded the forecasted $145.02 million. The company also reported an earnings per share (EPS) of -$0.42, better than the anticipated -$0.61. Despite these positive results, Lemonade’s stock experienced a decline in premarket trading, with concerns over its future profitability in the competitive insurance market. Lemonade achieved its first cash flow positive year with $48 million, and its gross profit rose significantly by 90% year-over-year, reaching $167 million.
The company is actively expanding its car insurance product, now available in eight states, and has set ambitious targets to become EBITDA positive by 2026 and achieve GAAP net income positive by 2027. Analysts have noted Lemonade’s strategic focus on leveraging AI and telematics for precision insurance, which contributed to a 26% increase in in-force premiums. While these developments indicate a strong financial position, investor skepticism remains due to the competitive pressures from established insurance companies. The company plans to increase its growth spend by approximately 40% year-over-year, signaling a strong commitment to expanding its market presence.
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