Genesis Financial Group LLC Acquires Shares of 12,500 Lemonade, Inc. $LMND

Genesis Financial Group LLC acquired a new stake in shares of Lemonade, Inc. (NYSE:LMND) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,500 shares of the company’s stock, valued at approximately $890,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Victory Financial Group LLC purchased a new position in Lemonade during the fourth quarter valued at $235,000. Cadent Capital Advisors LLC bought a new stake in Lemonade in the 4th quarter valued at $965,000. ARS Wealth Advisors Group LLC purchased a new stake in Lemonade in the 4th quarter worth $259,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Lemonade by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,431 shares of the company’s stock valued at $600,000 after purchasing an additional 219 shares during the last quarter. Finally, Fermata Advisors LLC boosted its holdings in shares of Lemonade by 76.3% during the 4th quarter. Fermata Advisors LLC now owns 6,700 shares of the company’s stock valued at $477,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Activity at Lemonade

In other news, insider John Sheldon Peters sold 3,571 shares of Lemonade stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $52.50, for a total value of $187,477.50. Following the completion of the transaction, the insider owned 76,729 shares in the company, valued at approximately $4,028,272.50. The trade was a 4.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel A. Schreiber sold 9,108 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $99.04, for a total value of $902,056.32. Following the transaction, the chief executive officer directly owned 1,514,426 shares in the company, valued at approximately $149,988,751.04. This represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,300 shares of company stock valued at $14,796,026 over the last ninety days. Corporate insiders own 14.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LMND shares. Morgan Stanley raised Lemonade from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $85.00 in a report on Tuesday, March 17th. Truist Financial started coverage on Lemonade in a research note on Tuesday, January 6th. They set a “buy” rating and a $98.00 price target for the company. Wolfe Research set a $44.00 price target on Lemonade in a report on Tuesday, February 24th. Piper Sandler set a $65.00 price objective on Lemonade in a report on Thursday, February 19th. Finally, Cantor Fitzgerald increased their target price on Lemonade from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Lemonade presently has a consensus rating of “Hold” and a consensus target price of $68.75.

Lemonade Trading Up 0.5%

Shares of NYSE LMND opened at $61.40 on Friday. The firm’s 50-day moving average price is $65.26 and its 200-day moving average price is $67.24. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -27.17 and a beta of 2.04. Lemonade, Inc. has a 12-month low of $24.31 and a 12-month high of $99.90.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.During the same period last year, the company earned ($0.42) earnings per share. The company’s revenue for the quarter was up 53.3% on a year-over-year basis. On average, equities analysts predict that Lemonade, Inc. will post -3.03 EPS for the current fiscal 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.