Atria Investments Inc Buys New Shares in Lemonade, Inc. (NYSE:LMND)

Atria Investments Inc purchased a new stake in Lemonade, Inc. (NYSE:LMND) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,621 shares of the company’s stock, valued at approximately $353,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC bought a new position in Lemonade during the fourth quarter valued at about $40,000. Union Bancaire Privee UBP SA bought a new stake in shares of Lemonade during the fourth quarter valued at approximately $67,000. US Bancorp DE lifted its position in Lemonade by 574.5% in the fourth quarter. US Bancorp DE now owns 1,875 shares of the company’s stock worth $69,000 after purchasing an additional 1,597 shares during the period. KBC Group NV acquired a new stake in Lemonade during the fourth quarter worth $80,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in Lemonade by 321.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock valued at $74,000 after buying an additional 3,403 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMND has been the topic of a number of analyst reports. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. Piper Sandler lowered their price objective on Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. JMP Securities raised their target price on Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets upped their price target on Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

Insider Activity at Lemonade

In related news, major shareholder Softbank Group Capital Ltd sold 7,067 shares of Lemonade stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $43.02, for a total transaction of $304,022.34. Following the transaction, the insider now owns 10,699,211 shares of the company’s stock, valued at $460,280,057.22. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the completion of the sale, the insider now owns 87,609 shares of the company’s stock, valued at $2,960,308.11. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,951 shares of company stock worth $1,489,040 over the last 90 days. Insiders own 12.50% of the company’s stock.

Lemonade Price Performance

Shares of LMND opened at $34.92 on Monday. The business’s 50 day simple moving average is $34.26 and its 200-day simple moving average is $30.78. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85. The company has a market capitalization of $2.54 billion, a P/E ratio of -11.49 and a beta of 2.12.

Lemonade (NYSE:LMND) last announced its earnings results on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.19. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The company had revenue of $148.80 million for the quarter, compared to analysts’ expectations of $144.78 million. On average, sell-side analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current fiscal 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.