Privium Fund Management B.V. Invests $7.76 Million in Lemonade, Inc. $LMND

Privium Fund Management B.V. bought a new stake in Lemonade, Inc. (NYSE:LMND) during the third quarter, Holdings Channel reports. The institutional investor bought 145,000 shares of the company’s stock, valued at approximately $7,762,000. Lemonade accounts for approximately 1.4% of Privium Fund Management B.V.’s investment portfolio, making the stock its 15th largest holding.

Several other institutional investors have also bought and sold shares of the stock. Arizona State Retirement System raised its position in Lemonade by 8.8% in the 3rd quarter. Arizona State Retirement System now owns 17,344 shares of the company’s stock valued at $928,000 after buying an additional 1,405 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Lemonade by 77.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,550 shares of the company’s stock worth $186,000 after acquiring an additional 1,550 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Lemonade by 195.9% in the 3rd quarter. Federated Hermes Inc. now owns 157,592 shares of the company’s stock worth $8,436,000 after acquiring an additional 104,342 shares in the last quarter. PFG Investments LLC purchased a new stake in shares of Lemonade in the third quarter valued at about $217,000. Finally, Strs Ohio bought a new position in shares of Lemonade during the third quarter valued at about $86,000. Institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

LMND has been the subject of a number of recent analyst reports. Truist Financial assumed coverage on shares of Lemonade in a research report on Tuesday, January 6th. They issued a “buy” rating and a $98.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research note on Thursday, January 22nd. JMP Securities set a $80.00 price target on Lemonade in a research report on Monday, November 24th. Citigroup reiterated an “outperform” rating on shares of Lemonade in a report on Friday, January 16th. Finally, Morgan Stanley set a $85.00 price objective on Lemonade and gave the stock an “equal weight” rating in a research report on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.50.

Insider Transactions at Lemonade

In related news, Director Debra Schwartz sold 4,200 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $83.59, for a total value of $351,078.00. Following the sale, the director directly owned 21,567 shares in the company, valued at approximately $1,802,785.53. The trade was a 16.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Adina Eckstein sold 7,919 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $81.15, for a total transaction of $642,626.85. Following the sale, the chief operating officer directly owned 188,391 shares in the company, valued at approximately $15,287,929.65. This trade represents a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 306,350 shares of company stock worth $25,870,918. Insiders own 14.70% of the company’s stock.

Lemonade Trading Down 5.1%

NYSE:LMND opened at $86.59 on Friday. Lemonade, Inc. has a 12 month low of $24.31 and a 12 month high of $99.90. The firm’s 50 day moving average is $79.90 and its 200 day moving average is $63.14. The stock has a market capitalization of $6.47 billion, a PE ratio of -36.23 and a beta of 1.98.

Lemonade (NYSE:LMND) last released its earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.21. The business had revenue of $194.50 million during the quarter, compared to the consensus estimate of $185.06 million. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The business’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period last year, the business posted ($0.95) earnings per share. Research analysts predict that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Lemonade 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.