7,275 Shares in Lemonade, Inc. (NYSE:LMND) Bought by Gotham Asset Management LLC

Gotham Asset Management LLC purchased a new position in shares of Lemonade, Inc. (NYSE:LMND) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,275 shares of the company’s stock, valued at approximately $267,000.

A number of other large investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its stake in shares of Lemonade by 6.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,870 shares of the company’s stock worth $215,000 after acquiring an additional 375 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Lemonade by 8.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,463 shares of the company’s stock worth $200,000 after acquiring an additional 423 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Lemonade by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $5,545,000 after acquiring an additional 442 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Lemonade by 4.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company’s stock worth $390,000 after acquiring an additional 500 shares during the period. Finally, Quarry LP lifted its stake in shares of Lemonade by 300.4% in the 4th quarter. Quarry LP now owns 933 shares of the company’s stock worth $34,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Stock Down 1.6%

Shares of LMND opened at $31.73 on Wednesday. The company has a market capitalization of $2.32 billion, a PE ratio of -10.44 and a beta of 2.13. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $53.85. The company has a 50-day simple moving average of $30.50 and a 200-day simple moving average of $34.80.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.02). Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The company’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.67) earnings per share. On average, research analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current year.

Insider Activity at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total transaction of $64,167.21. Following the sale, the insider now directly owns 87,609 shares of the company’s stock, valued at $2,960,308.11. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the firm’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 directly owns 10,452,476 shares in the company, valued at $389,041,156.72. This represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,744,890 shares of company stock valued at $87,413,986. Insiders own 14.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on LMND shares. Piper Sandler reduced their target price on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley downgraded shares of Lemonade from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $35.00 to $24.00 in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Lemonade from $25.00 to $22.00 and set an “underperform” rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.17.

Lemonade 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.