International Assets Investment Management LLC Increases Stock Holdings in Lemonade, Inc. (NYSE:LMND)

International Assets Investment Management LLC boosted its holdings in Lemonade, Inc. (NYSE:LMND) by 1,549.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,673 shares of the company’s stock after purchasing an additional 18,480 shares during the period. International Assets Investment Management LLC’s holdings in Lemonade were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after buying an additional 1,879 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Lemonade during the 2nd quarter valued at $180,000. Capstone Investment Advisors LLC purchased a new position in shares of Lemonade during the 1st quarter valued at $214,000. Headlands Technologies LLC purchased a new position in shares of Lemonade during the 1st quarter valued at $231,000. Finally, Seven Eight Capital LP purchased a new position in shares of Lemonade during the 2nd quarter valued at $269,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other Lemonade news, CFO Timothy E. Bixby sold 2,050 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total value of $37,392.00. Following the transaction, the chief financial officer now directly owns 271,552 shares in the company, valued at $4,953,108.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.50% of the company’s stock.

Lemonade Trading Up 16.9 %

NYSE:LMND opened at $29.28 on Thursday. Lemonade, Inc. has a 52-week low of $13.72 and a 52-week high of $29.41. The business’s fifty day moving average is $18.34 and its 200 day moving average is $17.83.

Lemonade (NYSE:LMND) last announced its earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. The business had revenue of $136.60 million for the quarter, compared to analyst estimates of $129.10 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.88) EPS. Research analysts forecast that Lemonade, Inc. will post -3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LMND shares. Piper Sandler upped their price target on Lemonade from $18.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Jefferies Financial Group dropped their price target on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 9th. Finally, JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Lemonade in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.33.

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.