New York State Common Retirement Fund Has $665,000 Holdings in Lemonade, Inc. (NYSE:LMND)

New York State Common Retirement Fund lifted its stake in shares of Lemonade, Inc. (NYSE:LMND) by 41.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,128 shares of the company’s stock after buying an additional 5,300 shares during the quarter. New York State Common Retirement Fund’s holdings in Lemonade were worth $665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of LMND. FMR LLC grew its position in shares of Lemonade by 93.0% during the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock worth $5,249,000 after buying an additional 153,362 shares during the period. Verition Fund Management LLC acquired a new stake in Lemonade in the 3rd quarter valued at $1,571,000. Strategic Financial Concepts LLC acquired a new stake in Lemonade in the 4th quarter valued at $2,712,000. Barclays PLC grew its position in Lemonade by 292.5% in the 3rd quarter. Barclays PLC now owns 87,414 shares of the company’s stock valued at $1,443,000 after purchasing an additional 65,144 shares during the period. Finally, Landscape Capital Management L.L.C. grew its position in Lemonade by 17.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock valued at $5,308,000 after purchasing an additional 48,260 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Transactions at Lemonade

In other news, insider John Sheldon Peters sold 28,985 shares of Lemonade stock in a transaction on Monday, December 30th. The stock was sold at an average price of $38.67, for a total transaction of $1,120,849.95. Following the sale, the insider now directly owns 69,508 shares in the company, valued at $2,687,874.36. The trade was a 29.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Softbank Group Capital Ltd sold 7,067 shares of Lemonade stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $43.02, for a total value of $304,022.34. Following the sale, the insider now owns 10,699,211 shares in the company, valued at $460,280,057.22. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 767,867 shares of company stock worth $33,787,279 in the last ninety days. Company insiders own 12.50% of the company’s stock.

Analyst Upgrades and Downgrades

LMND has been the subject of several research reports. JMP Securities lifted their price target on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd. Piper Sandler reduced their price target on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets lifted their price target on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research report on Thursday, November 21st. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $42.00 in a research report on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods cut Lemonade from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $18.00 to $21.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.00.

Lemonade Trading Down 1.8 %

Shares of NYSE:LMND opened at $35.70 on Tuesday. The stock’s fifty day simple moving average is $35.03 and its two-hundred day simple moving average is $29.70. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85. The stock has a market cap of $2.55 billion, a PE ratio of -11.74 and a beta of 2.15.

Lemonade (NYSE:LMND) last issued 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. The business had revenue of $148.80 million for the quarter, compared to analysts’ expectations of $144.78 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. On average, sell-side analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

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.