5,950 Shares in Lemonade, Inc. (NYSE:LMND) Acquired by FreeGulliver LLC

FreeGulliver LLC purchased a new stake in Lemonade, Inc. (NYSE:LMND) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,950 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC bought a new position in Lemonade in the fourth quarter valued at approximately $40,000. PNC Financial Services Group Inc. lifted its stake in Lemonade by 116.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company’s stock valued at $59,000 after buying an additional 860 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Lemonade in the fourth quarter valued at approximately $67,000. US Bancorp DE lifted its stake in Lemonade by 574.5% in the fourth quarter. US Bancorp DE now owns 1,875 shares of the company’s stock valued at $69,000 after buying an additional 1,597 shares in the last quarter. Finally, 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 valued at $74,000 after buying an additional 3,403 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling

In related news, insider John Sheldon Peters sold 1,899 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total transaction of $64,167.21. Following the transaction, the insider now directly owns 87,609 shares in the company, valued at approximately $2,960,308.11. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research note on Thursday, November 21st. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $23.00 to $42.00 in a research report on Wednesday, November 20th. Piper Sandler cut their price objective on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, JMP Securities boosted their price objective on shares of Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lemonade currently has an average rating of “Hold” and a consensus price target of $31.00.

Lemonade Stock Down 8.0 %

Shares of LMND stock opened at $34.02 on Wednesday. The firm has a market cap of $2.48 billion, a PE ratio of -11.19 and a beta of 2.12. Lemonade, Inc. has a 12 month low of $14.03 and a 12 month high of $53.85. The company’s fifty day simple moving average is $34.19 and its 200-day simple moving average is $31.02.

Lemonade (NYSE:LMND) last issued its earnings results on Tuesday, February 25th. The company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.19. The business had revenue of $148.80 million for the quarter, compared to the consensus estimate of $144.78 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. On average, equities analysts predict that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

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.