Lemonade, Inc. (NYSE:LMND) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in Lemonade, Inc. (NYSE:LMND) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,186 shares of the company’s stock after purchasing an additional 442 shares during the period. Bank of New York Mellon Corp owned approximately 0.21% of Lemonade worth $5,545,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. FMR LLC increased its holdings in 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 purchasing an additional 153,362 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Lemonade in the 3rd quarter valued at approximately $1,571,000. Strategic Financial Concepts LLC bought a new stake in shares of Lemonade in the 4th quarter valued at approximately $2,712,000. Barclays PLC increased its holdings in shares of 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 acquiring an additional 65,144 shares during the last quarter. Finally, Landscape Capital Management L.L.C. boosted its position in Lemonade by 17.6% during 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. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Lemonade Trading Up 7.1 %

NYSE:LMND opened at $34.92 on Monday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -11.49 and a beta of 2.12. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85. The business’s fifty day moving average price is $34.26 and its 200 day moving average price is $30.78.

Lemonade (NYSE:LMND) last issued its earnings results on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $148.80 million for the quarter, compared to the consensus estimate of $144.78 million. Equities analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Analyst Ratings Changes

LMND has been the subject of a number of analyst reports. Morgan Stanley upgraded Lemonade from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $42.00 in a research report on Wednesday, November 20th. BMO Capital Markets upped their price objective on Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday, November 21st. Piper Sandler cut their target price on Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, JMP Securities boosted 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. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Lemonade has a consensus rating of “Hold” and an average price target of $31.00.

Insider Transactions at Lemonade

In related news, major shareholder Softbank Group Capital Ltd sold 7,067 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $43.02, for a total transaction of $304,022.34. Following the completion of the sale, the insider now owns 10,699,211 shares in the company, valued at $460,280,057.22. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total value of $64,167.21. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,951 shares of company stock worth $1,489,040. 12.50% of the stock is owned by corporate insiders.

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.