US Bancorp DE Grows Holdings in Lemonade, Inc. (NYSE:LMND)

US Bancorp DE grew its position in shares of Lemonade, Inc. (NYSE:LMND) by 574.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,875 shares of the company’s stock after purchasing an additional 1,597 shares during the period. US Bancorp DE’s holdings in Lemonade were worth $69,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LMND. Avior Wealth Management LLC acquired a new stake in Lemonade during the fourth quarter worth approximately $40,000. Union Bancaire Privee UBP SA acquired a new position in Lemonade in the 4th quarter valued at $67,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Lemonade by 321.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after purchasing an additional 3,403 shares during the period. KBC Group NV acquired a new stake in shares of Lemonade during the fourth quarter worth $80,000. Finally, Quest Partners LLC grew its position in shares of Lemonade by 1,647.6% in the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock valued at $150,000 after purchasing an additional 8,584 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 28,985 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $38.67, for a total value of $1,120,849.95. Following the completion of the transaction, the insider now owns 69,508 shares in the company, valued at $2,687,874.36. This represents a 29.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 7,067 shares of the 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 completion of the sale, the insider now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 37,951 shares of company stock worth $1,489,040. Corporate insiders own 12.50% of the company’s stock.

Lemonade Stock Performance

Shares of NYSE:LMND opened at $37.17 on Tuesday. The stock has a 50-day simple moving average of $34.23 and a 200-day simple moving average of $30.91. The stock has a market capitalization of $2.71 billion, a P/E ratio of -12.23 and a beta of 2.12. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.19. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The firm had revenue of $148.80 million for the quarter, compared to analysts’ expectations of $144.78 million. Analysts predict that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley upgraded Lemonade from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $23.00 to $42.00 in a research report on Wednesday, November 20th. Piper Sandler cut their price objective on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. JMP Securities boosted their target price on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets increased their price target on shares of Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a research note on Thursday, November 21st. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.00.

About Lemonade

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.