Lemonade, Inc. (NYSE:LMND) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 8.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,230 shares of the company’s stock after selling 9,454 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Lemonade worth $1,620,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. FMR LLC grew its position in Lemonade by 93.0% in the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after buying an additional 153,362 shares in the last quarter. Landscape Capital Management L.L.C. boosted its holdings in shares of 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 acquiring an additional 48,260 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Lemonade in the third quarter valued at approximately $264,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Lemonade by 99.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company’s stock valued at $903,000 after acquiring an additional 27,265 shares during the period. Finally, Quest Partners LLC raised its holdings in Lemonade by 1,647.6% during the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock worth $150,000 after purchasing an additional 8,584 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Lemonade Stock Up 4.4 %

NYSE:LMND opened at $43.74 on Tuesday. The stock has a fifty day simple moving average of $32.19 and a 200 day simple moving average of $22.79. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -14.39 and a beta of 2.09. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85.

Lemonade (NYSE:LMND) last announced its earnings results on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, topping the consensus estimate of ($1.02) by $0.07. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The company had revenue of $136.60 million during the quarter, compared to analysts’ expectations of $129.10 million. During the same period last year, the company posted ($0.88) earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities analysts predict that Lemonade, Inc. will post -3.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LMND has been the subject of a number of research reports. JMP Securities increased their price target on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Jefferies Financial Group lowered their target price on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, October 9th. Piper Sandler boosted their price target on shares of Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods lowered shares of 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 report on Thursday, November 7th. Finally, BMO Capital Markets boosted their target price on shares of Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Lemonade currently has an average rating of “Hold” and a consensus price target of $30.43.

Insider Transactions at Lemonade

In other Lemonade news, Director Maria Angelidis-Smith sold 33,554 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.33, for a total transaction of $1,017,692.82. Following the transaction, the director now directly owns 40,916 shares of the company’s stock, valued at $1,240,982.28. This represents a 45.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Maya Prosor sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $50.00, for a total value of $1,500,000.00. Following the completion of the sale, the insider now directly owns 29,286 shares of the company’s stock, valued at $1,464,300. This represents a 50.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,842 shares of company stock valued at $5,245,653. 12.50% of the stock is owned by insiders.

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.