Sava Infond d.o.o. Makes New $555,000 Investment in Lemonade, Inc. $LMND

Sava Infond d.o.o. acquired a new position in shares of Lemonade, Inc. (NYSE:LMND) during the 4th quarter, Holdings Channel reports. The fund acquired 7,800 shares of the company’s stock, valued at approximately $555,000.

Several other hedge funds have also modified their holdings of LMND. JPMorgan Chase & Co. raised its holdings in shares of Lemonade by 30.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,506,171 shares of the company’s stock worth $187,685,000 after acquiring an additional 825,522 shares in the last quarter. BIT Capital GmbH raised its holdings in shares of Lemonade by 69.3% during the 3rd quarter. BIT Capital GmbH now owns 1,254,345 shares of the company’s stock worth $67,145,000 after acquiring an additional 513,424 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Lemonade by 45.0% during the 3rd quarter. Two Sigma Investments LP now owns 813,062 shares of the company’s stock worth $43,523,000 after acquiring an additional 252,298 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Lemonade by 255.2% during the 1st quarter. Millennium Management LLC now owns 329,934 shares of the company’s stock worth $10,370,000 after acquiring an additional 237,044 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Lemonade by 28.1% during the 2nd quarter. Bank of America Corp DE now owns 993,669 shares of the company’s stock worth $43,533,000 after acquiring an additional 217,913 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Lemonade Stock Performance

NYSE:LMND opened at $65.88 on Friday. The stock’s fifty day moving average is $60.30 and its 200 day moving average is $68.10. Lemonade, Inc. has a fifty-two week low of $27.63 and a fifty-two week high of $99.90. The firm has a market capitalization of $5.06 billion, a PE ratio of -29.15 and a beta of 2.04.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, beating 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 quarter last year, the firm posted ($0.42) EPS. The firm’s revenue was up 53.3% on a year-over-year basis. Equities analysts forecast that Lemonade, Inc. will post -1.74 EPS for the current year.

Insiders Place Their Bets

In other Lemonade news, insider John Sheldon Peters sold 3,571 shares of the stock in a transaction 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 sale, the insider owned 76,729 shares in the company, valued at $4,028,272.50. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 5,567 shares of company stock valued at $287,517 in the last 90 days. Company insiders own 14.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LMND shares. Citigroup reaffirmed an “outperform” rating on shares of Lemonade in a report on Friday, January 16th. Keefe, Bruyette & Woods upped their price objective on Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a report on Tuesday, February 24th. Truist Financial started coverage on Lemonade in a report on Tuesday, January 6th. They set a “buy” rating and a $98.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a report on Tuesday. Finally, Wolfe Research set a $44.00 price target on Lemonade in a report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.75.

Lemonade Profile

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.