Rathbones Group PLC Purchases New Shares in Lemonade, Inc. (NYSE:LMND)

Rathbones Group PLC acquired a new position in shares of Lemonade, Inc. (NYSE:LMND) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,278 shares of the company’s stock, valued at approximately $377,000.

Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Lemonade by 93.0% during the third quarter. FMR LLC now owns 318,321 shares of the company’s stock worth $5,249,000 after buying an additional 153,362 shares during the last quarter. State Street Corp increased its holdings in shares of Lemonade by 1.2% in the third quarter. State Street Corp now owns 1,233,662 shares of the company’s stock valued at $20,343,000 after purchasing an additional 14,028 shares during the period. Barclays PLC raised its stake in shares of Lemonade by 292.5% during the third quarter. Barclays PLC now owns 87,414 shares of the company’s stock worth $1,443,000 after purchasing an additional 65,144 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Lemonade by 4.6% during the third quarter. Tidal Investments LLC now owns 45,631 shares of the company’s stock worth $752,000 after purchasing an additional 2,017 shares during the period. Finally, Johnson & White Wealth Management LLC purchased a new position in Lemonade in the 4th quarter valued at $234,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Lemonade Stock Up 18.2 %

Shares of NYSE LMND opened at $29.69 on Thursday. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -9.77 and a beta of 2.13. Lemonade, Inc. has a 52 week low of $14.03 and a 52 week high of $53.85. The firm has a 50-day moving average price of $33.81 and a 200 day moving average price of $32.52.

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

Analysts Set New Price Targets

Several research firms have recently commented on LMND. Piper Sandler reduced their target price on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley downgraded shares of Lemonade from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $35.00 to $24.00 in a research report on Tuesday. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Lemonade currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Insider Buying and Selling at Lemonade

In related news, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of Lemonade stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $37.22, for a total value of $1,569,195.20. Following the sale, the insider now owns 10,452,476 shares of the company’s stock, valued at approximately $389,041,156.72. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 248,634 shares of company stock valued at $9,219,003. Insiders own 12.50% of the company’s stock.

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.