Lemonade, Inc. $LMND Shares Acquired by Halter Ferguson Financial Inc.

Halter Ferguson Financial Inc. boosted its position in Lemonade, Inc. (NYSE:LMND) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 600,863 shares of the company’s stock after purchasing an additional 24,957 shares during the period. Lemonade makes up about 9.4% of Halter Ferguson Financial Inc.’s portfolio, making the stock its 3rd largest holding. Halter Ferguson Financial Inc.’s holdings in Lemonade were worth $42,769,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its position in Lemonade by 195.9% in the third quarter. Federated Hermes Inc. now owns 157,592 shares of the company’s stock worth $8,436,000 after purchasing an additional 104,342 shares during the period. Vanguard Group Inc. lifted its position in Lemonade by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,305,453 shares of the company’s stock worth $448,822,000 after purchasing an additional 26,312 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Lemonade in the third quarter worth approximately $9,060,000. Pursue Wealth Partners LLC acquired a new stake in Lemonade in the fourth quarter worth approximately $2,814,000. Finally, Atika Capital Management LLC acquired a new stake in Lemonade in the third quarter worth approximately $3,694,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 3,571 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $52.50, for a total transaction of $187,477.50. Following the sale, the insider directly owned 76,729 shares of the company’s stock, valued at $4,028,272.50. The trade was a 4.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 5,567 shares of company stock worth $287,517. 14.70% of the stock is owned by insiders.

Lemonade Stock Up 1.5%

Shares of NYSE:LMND opened at $53.66 on Friday. The company’s fifty day moving average is $60.33 and its two-hundred day moving average is $68.81. Lemonade, Inc. has a 12-month low of $28.71 and a 12-month high of $99.90. The company has a market cap of $4.12 billion, a P/E ratio of -28.69 and a beta of 1.85.

Lemonade (NYSE:LMND) last announced its earnings results on Wednesday, April 29th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.11. Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $251.51 million. During the same period in the previous year, the business earned ($0.86) EPS. The company’s revenue was up 70.6% on a year-over-year basis. Equities research analysts anticipate that Lemonade, Inc. will post -1.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LMND. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods upped their price target on Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a report on Tuesday, February 24th. Piper Sandler dropped their price target on Lemonade from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Citizens Jmp dropped their price target on Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a report on Thursday, April 30th. Finally, Truist Financial dropped their price target on Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.25.

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.