Lemonade, Inc. (NYSE:LMND) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Lemonade, Inc. (NYSE:LMND) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,343,492 shares of the company’s stock after purchasing an additional 134,776 shares during the quarter. Vanguard Group Inc. owned about 7.48% of Lemonade worth $195,999,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LMND. FMR LLC increased its position in Lemonade by 93.0% in the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after acquiring an additional 153,362 shares during the period. State Street Corp raised its stake in shares of Lemonade by 1.2% during 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 in the last quarter. Main Management ETF Advisors LLC bought a new stake in shares of Lemonade during the third quarter valued at about $614,000. Barclays PLC lifted its holdings in Lemonade by 292.5% in 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 period. Finally, Tidal Investments LLC grew its position in Lemonade by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 45,631 shares of the company’s stock valued at $752,000 after buying an additional 2,017 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $37.22, for a total transaction of $1,569,195.20. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Sheldon Peters sold 1,899 shares of the firm’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 transaction, the insider now owns 87,609 shares of the company’s stock, valued at approximately $2,960,308.11. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 248,634 shares of company stock worth $9,219,003. 12.50% of the stock is owned by insiders.

Lemonade Stock Down 6.0 %

NYSE:LMND opened at $28.19 on Monday. The business’s 50-day moving average price is $34.36 and its 200 day moving average price is $32.39. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $53.85. The firm has a market cap of $2.05 billion, a P/E ratio of -9.27 and a beta of 2.13.

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

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.