FreeGulliver LLC Acquires Shares of 5,950 Lemonade, Inc. (NYSE:LMND)

FreeGulliver LLC acquired a new stake in Lemonade, Inc. (NYSE:LMND) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,950 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its holdings in shares of Lemonade by 6.8% in the fourth quarter. Jones Financial Companies Lllp now owns 5,870 shares of the company’s stock valued at $215,000 after purchasing an additional 375 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lemonade by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock valued at $5,545,000 after acquiring an additional 442 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Lemonade by 4.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company’s stock valued at $390,000 after acquiring an additional 500 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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. Finally, Avior Wealth Management LLC acquired a new position in shares of Lemonade in the fourth quarter valued at about $40,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. BMO Capital Markets upped 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. JMP Securities upped their price target on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Finally, Piper Sandler decreased their price target on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Lemonade currently has a consensus rating of “Hold” and an average price target of $31.00.

Lemonade Stock Down 8.0 %

LMND opened at $34.02 on Wednesday. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $53.85. The company has a 50-day simple moving average of $34.19 and a 200 day simple moving average of $31.02. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -11.19 and a beta of 2.12.

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

Insider Transactions at Lemonade

In other news, insider John Sheldon Peters sold 28,985 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $38.67, for a total value of $1,120,849.95. Following the completion of the transaction, the insider now owns 69,508 shares of the company’s stock, valued at approximately $2,687,874.36. This represents a 29.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.50% of the company’s stock.

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.