SG Americas Securities LLC Has $688,000 Stock Holdings in Lemonade, Inc. (NYSE:LMND)

SG Americas Securities LLC raised its stake in Lemonade, Inc. (NYSE:LMNDFree Report) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,634 shares of the company’s stock after buying an additional 10,376 shares during the quarter. SG Americas Securities LLC owned 0.06% of Lemonade worth $688,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in Lemonade by 28.5% in the 3rd quarter. Royal Bank of Canada now owns 2,536 shares of the company’s stock valued at $54,000 after buying an additional 562 shares during the period. Ameritas Investment Partners Inc. increased its stake in Lemonade by 19.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,189 shares of the company’s stock valued at $71,000 after buying an additional 669 shares during the period. Bank of New York Mellon Corp increased its stake in Lemonade by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 173,021 shares of the company’s stock valued at $2,467,000 after buying an additional 803 shares during the period. Commonwealth Equity Services LLC increased its stake in Lemonade by 5.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 17,684 shares of the company’s stock valued at $374,000 after buying an additional 878 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Lemonade by 91.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,909 shares of the company’s stock worth $35,000 after purchasing an additional 913 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Trading Down 2.5 %

NYSE:LMND opened at $16.14 on Wednesday. Lemonade, Inc. has a 1 year low of $10.27 and a 1 year high of $24.81. The firm’s fifty day simple moving average is $16.80 and its 200 day simple moving average is $15.69. The firm has a market capitalization of $1.13 billion, a PE ratio of -4.73 and a beta of 1.89.

Lemonade (NYSE:LMNDGet Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.18. Lemonade had a negative net margin of 55.12% and a negative return on equity of 31.29%. The business had revenue of $115.50 million for the quarter, compared to analyst estimates of $111.71 million. During the same period last year, the business posted ($0.93) EPS. Lemonade’s revenue was up 30.7% compared to the same quarter last year. As a group, analysts anticipate that Lemonade, Inc. will post -3.09 EPS for the current fiscal year.

Insider Buying and Selling at Lemonade

In related news, CFO Timothy E. Bixby purchased 10,000 shares of Lemonade stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $16.54 per share, with a total value of $165,400.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at $165,400. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 11.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LMND. TD Cowen began coverage on shares of Lemonade in a research note on Wednesday, January 10th. They set a “market perform” rating and a $17.00 price target on the stock. Piper Sandler restated a “neutral” rating and set a $17.00 price target on shares of Lemonade in a research note on Thursday, February 29th. Morgan Stanley increased their price target on shares of Lemonade from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Lemonade from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, Lemonade has an average rating of “Hold” and an average price target of $14.25.

Get Our Latest Research Report on Lemonade

Lemonade Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lemonade (NYSE:LMND)

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