Lemonade, Inc. (NYSE:LMND) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its position in Lemonade, Inc. (NYSE:LMND) by 96.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,383 shares of the company’s stock after selling 309,499 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Lemonade were worth $454,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Lemonade by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,343,492 shares of the company’s stock valued at $195,999,000 after buying an additional 134,776 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Lemonade by 2,627.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,349,356 shares of the company’s stock valued at $49,494,000 after acquiring an additional 1,299,891 shares in the last quarter. State Street Corp boosted its stake in Lemonade by 1.2% during the 3rd quarter. State Street Corp now owns 1,233,662 shares of the company’s stock valued at $20,343,000 after acquiring an additional 14,028 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lemonade by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,164 shares of the company’s stock worth $16,585,000 after acquiring an additional 3,867 shares in the last quarter. Finally, FMR LLC increased its position in shares of Lemonade by 93.0% in the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock worth $5,249,000 after purchasing an additional 153,362 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced 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. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.00.

Lemonade Price Performance

LMND stock opened at $28.10 on Tuesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -9.24 and a beta of 2.13. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85. The firm has a fifty day moving average price of $34.29 and a two-hundred day moving average price of $32.46.

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

Insider Activity

In related news, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total value of $64,167.21. Following the sale, the insider now owns 87,609 shares of the company’s stock, valued at $2,960,308.11. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $37.22, for a total transaction of $1,569,195.20. Following the transaction, the insider now directly owns 10,452,476 shares of the company’s stock, valued at $389,041,156.72. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 248,634 shares of company stock valued at $9,219,003. 12.50% of the stock is currently owned by insiders.

About Lemonade

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.