Rathbones Group PLC Buys New Holdings in Lemonade, Inc. (NYSE:LMND)

Rathbones Group PLC purchased a new position in Lemonade, Inc. (NYSE:LMND) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,278 shares of the company’s stock, valued at approximately $377,000.

A number of other institutional investors also recently bought and sold shares of the business. Avior Wealth Management LLC acquired a new position in shares of Lemonade during the 4th quarter worth about $40,000. Russell Investments Group Ltd. raised its holdings in shares of Lemonade by 318.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company’s stock valued at $42,000 after acquiring an additional 867 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 acquiring an additional 860 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Lemonade in the fourth quarter worth approximately $67,000. Finally, US Bancorp DE increased its position in shares of Lemonade by 574.5% during the fourth quarter. US Bancorp DE now owns 1,875 shares of the company’s stock worth $69,000 after purchasing an additional 1,597 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Lemonade Price Performance

Lemonade stock opened at $29.69 on Thursday. The firm has a 50 day simple moving average of $33.81 and a 200-day simple moving average of $32.52. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -9.77 and a beta of 2.13. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85.

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

Insider Activity

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total transaction of $64,167.21. Following the sale, the insider now directly owns 87,609 shares in the company, valued at $2,960,308.11. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 204,575 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $37.08, for a total transaction of $7,585,641.00. Following the completion of the transaction, the insider now directly owns 10,494,636 shares of the company’s stock, valued at approximately $389,141,102.88. The trade was a 1.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 248,634 shares of company stock valued at $9,219,003. Company insiders own 12.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LMND. Piper Sandler lowered their price target 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. Morgan Stanley cut Lemonade from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $35.00 to $24.00 in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Lemonade 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.