10,327 Shares in Lemonade, Inc. $LMND Bought by Havemeyer Place LP

Havemeyer Place LP purchased a new position in Lemonade, Inc. (NYSE:LMND) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,327 shares of the company’s stock, valued at approximately $735,000.

A number of other hedge funds also recently modified their holdings of LMND. Strategic Advocates LLC bought a new position in shares of Lemonade in the third quarter worth $33,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Lemonade in the fourth quarter worth $33,000. Torren Management LLC bought a new position in shares of Lemonade in the fourth quarter worth $35,000. NewEdge Advisors LLC bought a new position in Lemonade in the first quarter valued at about $35,000. Finally, Farther Finance Advisors LLC grew its position in Lemonade by 127.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the company’s stock valued at $73,000 after acquiring an additional 573 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LMND. Cantor Fitzgerald reiterated an “overweight” rating on shares of Lemonade in a research report on Tuesday, May 26th. UBS Group set a $75.00 target price on Lemonade in a research report on Thursday, May 21st. Wolfe Research set a $44.00 target price on Lemonade in a research report on Tuesday, February 24th. Citizens Jmp decreased their target price on Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Lemonade currently has an average rating of “Hold” and an average price target of $64.89.

Lemonade Trading Up 2.7%

NYSE:LMND opened at $52.83 on Tuesday. The stock has a market cap of $4.06 billion, a P/E ratio of -28.25 and a beta of 1.83. The stock’s 50-day moving average is $58.77 and its 200-day moving average is $67.31. Lemonade, Inc. has a 1-year low of $35.70 and a 1-year high of $99.90.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.11. The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $251.51 million. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The business’s quarterly revenue was up 70.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.86) earnings per share. As a group, equities analysts forecast that Lemonade, Inc. will post -1.69 EPS for the current year.

Insider Activity

In other news, insider Maya Prosor sold 1,220 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $64,867.40. Following the sale, the insider directly owned 187,573 shares in the company, valued at approximately $9,973,256.41. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Sheldon Peters sold 3,608 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $52.94, for a total value of $191,007.52. Following the sale, the insider owned 81,386 shares in the company, valued at approximately $4,308,574.84. This trade represents a 4.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 6,563 shares of company stock worth $348,125. Company insiders own 12.50% of the company’s stock.

Lemonade Company Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.