Toth Financial Advisory Corp Increases Stock Position in Lemonade, Inc. $LMND

Toth Financial Advisory Corp boosted its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 10,600.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,700 shares of the company’s stock after buying an additional 10,600 shares during the quarter. Toth Financial Advisory Corp’s holdings in Lemonade were worth $573,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Fermata Advisors LLC bought a new stake in Lemonade during the 3rd quarter valued at $203,000. Halter Ferguson Financial Inc. boosted its position in Lemonade by 101.3% during the third quarter. Halter Ferguson Financial Inc. now owns 575,906 shares of the company’s stock valued at $30,828,000 after purchasing an additional 289,803 shares in the last quarter. Wedmont Private Capital purchased a new position in Lemonade in the third quarter valued at about $222,000. Corient Private Wealth LLC bought a new position in Lemonade in the second quarter worth about $313,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Lemonade by 30.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock valued at $45,000 after buying an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LMND. JMP Securities set a $80.00 target price on shares of Lemonade in a research report on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on Lemonade from $35.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 25th. Citizens Jmp upped their target price on Lemonade from $60.00 to $80.00 and gave the company a “market outperform” rating in a research report on Monday, November 24th. Finally, Piper Sandler lowered their price target on Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Lemonade currently has an average rating of “Hold” and an average price target of $63.14.

Insider Activity at Lemonade

In other news, Director Debra Schwartz sold 4,200 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $83.59, for a total value of $351,078.00. Following the sale, the director directly owned 21,567 shares of the company’s stock, valued at $1,802,785.53. This represents a 16.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Adina Eckstein sold 7,919 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $81.15, for a total transaction of $642,626.85. Following the completion of the sale, the chief operating officer owned 188,391 shares in the company, valued at $15,287,929.65. The trade was a 4.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,725 shares of company stock worth $12,264,465 over the last quarter. Insiders own 14.70% of the company’s stock.

Lemonade Price Performance

NYSE LMND opened at $82.77 on Friday. The company has a market cap of $6.19 billion, a price-to-earnings ratio of -34.63 and a beta of 2.13. The stock’s fifty day moving average price is $68.38 and its 200 day moving average price is $54.90. Lemonade, Inc. has a 1 year low of $24.31 and a 1 year high of $85.20.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.21. The business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $185.06 million. Lemonade had a negative return on equity of 31.86% and a negative net margin of 26.39%.The company’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.95) EPS. Research analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current year.

About Lemonade

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.