Charles Schwab Investment Management Inc. Buys 3,867 Shares of Lemonade, Inc. (NYSE:LMND)

Charles Schwab Investment Management Inc. grew its stake in Lemonade, Inc. (NYSE:LMND) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 452,164 shares of the company’s stock after acquiring an additional 3,867 shares during the period. Charles Schwab Investment Management Inc. owned 0.63% of Lemonade worth $16,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LMND. FMR LLC increased its position in Lemonade by 93.0% in the third 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 period. Verition Fund Management LLC acquired a new stake in shares of Lemonade during the 3rd quarter worth approximately $1,571,000. Strategic Financial Concepts LLC acquired a new stake in shares of Lemonade during the 4th quarter worth approximately $2,712,000. Barclays PLC raised its stake in shares of Lemonade by 292.5% during the third quarter. Barclays PLC now owns 87,414 shares of the company’s stock worth $1,443,000 after buying an additional 65,144 shares during the last quarter. Finally, Landscape Capital Management L.L.C. lifted its holdings in Lemonade by 17.6% in the third quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock valued at $5,308,000 after buying an additional 48,260 shares during the period. 80.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

LMND has been the subject of several recent research reports. Piper Sandler dropped their target price 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 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. Finally, JMP Securities increased their target price on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.00.

Insider Buying and Selling at Lemonade

In related news, insider John Sheldon Peters sold 28,985 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 69,508 shares in the company, valued at approximately $2,687,874.36. This trade represents a 29.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.50% of the company’s stock.

Lemonade Trading Down 0.2 %

Shares of Lemonade stock opened at $34.61 on Friday. Lemonade, Inc. has a 12 month low of $14.03 and a 12 month high of $53.85. The company has a market capitalization of $2.52 billion, a PE ratio of -11.39 and a beta of 2.12. The stock’s fifty day simple moving average is $34.20 and its 200 day simple moving average is $31.07.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, topping 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 company had revenue of $148.80 million for the quarter, compared to analyst estimates of $144.78 million. Analysts predict 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.