5,564 Shares in Lemonade, Inc. (NYSE:LMND) Acquired by Private Portfolio Partners LLC

Private Portfolio Partners LLC bought a new stake in shares of Lemonade, Inc. (NYSE:LMND) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,564 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in shares of Lemonade by 6.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,870 shares of the company’s stock valued at $215,000 after acquiring an additional 375 shares during the period. Bank of New York Mellon Corp lifted its holdings in Lemonade by 0.3% during 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 purchasing an additional 442 shares in the last quarter. Nisa Investment Advisors LLC boosted its position 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 worth $390,000 after purchasing an additional 500 shares during the period. PNC Financial Services Group Inc. increased 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 worth $59,000 after purchasing an additional 860 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new stake in shares of Lemonade in the fourth quarter worth $40,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Lemonade Trading Up 1.1 %

Shares of LMND stock opened at $31.96 on Thursday. The stock’s 50-day moving average price is $34.50 and its 200-day moving average price is $32.14. Lemonade, Inc. has a 12-month low of $14.03 and a 12-month high of $53.85. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -10.51 and a beta of 2.12.

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

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price target on Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Three equities research 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 data from MarketBeat, Lemonade currently has an average rating of “Hold” and an average price target of $31.00.

Lemonade Company 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.