Barclays PLC Has $358,000 Holdings in Lemonade, Inc. (NYSE:LMND)

Barclays PLC lifted its position in shares of Lemonade, Inc. (NYSE:LMND) by 83.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,133 shares of the company’s stock after buying an additional 11,454 shares during the quarter. Barclays PLC’s holdings in Lemonade were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LMND. Millennium Management LLC boosted its stake in Lemonade by 252.5% during the fourth quarter. Millennium Management LLC now owns 734,832 shares of the company’s stock worth $10,053,000 after acquiring an additional 526,388 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lemonade by 12.6% during the third quarter. Vanguard Group Inc. now owns 4,168,986 shares of the company’s stock worth $88,299,000 after acquiring an additional 467,059 shares in the last quarter. Renaissance Technologies LLC bought a new position in Lemonade during the first quarter worth $11,925,000. Northern Trust Corp boosted its stake in Lemonade by 128.6% during the second quarter. Northern Trust Corp now owns 365,304 shares of the company’s stock worth $6,671,000 after acquiring an additional 205,520 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Lemonade by 451.0% during the fourth quarter. Marshall Wace LLP now owns 225,781 shares of the company’s stock worth $3,089,000 after acquiring an additional 184,804 shares in the last quarter. 54.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lemonade news, CFO Timothy E. Bixby sold 1,474 shares of Lemonade stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $18.26, for a total value of $26,915.24. Following the sale, the chief financial officer now owns 268,581 shares of the company’s stock, valued at $4,904,289.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Lemonade news, insider John Sheldon Peters sold 5,000 shares of Lemonade stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $20.00, for a total value of $100,000.00. Following the sale, the insider now owns 47,784 shares of the company’s stock, valued at $955,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Timothy E. Bixby sold 1,474 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $18.26, for a total transaction of $26,915.24. Following the completion of the sale, the chief financial officer now directly owns 268,581 shares in the company, valued at approximately $4,904,289.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,012 shares of company stock valued at $136,739. Company insiders own 11.70% of the company’s stock.

Lemonade Price Performance

LMND opened at $13.89 on Thursday. The company’s 50-day moving average is $17.61 and its 200 day moving average is $16.07. Lemonade, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $25.99. The firm has a market capitalization of $967.99 million, a P/E ratio of -3.29 and a beta of 1.46.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.97) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.06. Lemonade had a negative net margin of 79.54% and a negative return on equity of 34.23%. The company had revenue of $104.60 million for the quarter, compared to analyst estimates of $97.58 million. During the same period last year, the firm earned ($1.10) earnings per share. The firm’s revenue was up 109.2% on a year-over-year basis. On average, equities research analysts expect that Lemonade, Inc. will post -3.66 earnings per share for the current year.

Analysts Set New Price Targets

LMND has been the topic of a number of recent research reports. Piper Sandler dropped their price objective on shares of Lemonade from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 4th. Morgan Stanley raised their price objective on shares of Lemonade from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Thursday, August 3rd. Barclays raised their price objective on shares of Lemonade from $16.00 to $17.00 in a research note on Tuesday, May 9th. Finally, Bank of America dropped their price objective on shares of Lemonade from $14.00 to $12.00 in a research note on Thursday, May 4th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.06.

Lemonade Profile

Lemonade, Inc provides various insurance products in the United States and Europe. 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. The company also offers renters, homeowners, car, pet, and life insurance products, as well as landlord insurance policies.