Lemonade, Inc. $LMND Position Lessened by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP reduced its stake in shares of Lemonade, Inc. (NYSE:LMND) by 34.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,609 shares of the company’s stock after selling 30,239 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Lemonade were worth $2,568,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LMND. FORA Capital LLC acquired a new position in shares of Lemonade during the second quarter valued at $816,000. Headlands Technologies LLC bought a new stake in Lemonade in the 2nd quarter valued at about $155,000. Tower Research Capital LLC TRC boosted its stake in Lemonade by 1,259.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,607 shares of the company’s stock valued at $1,034,000 after purchasing an additional 21,871 shares during the period. Corient Private Wealth LLC bought a new position in Lemonade in the 2nd quarter worth about $315,000. Finally, Tidal Investments LLC increased its stake in shares of Lemonade by 13.7% in the second quarter. Tidal Investments LLC now owns 41,325 shares of the company’s stock valued at $1,810,000 after purchasing an additional 4,994 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lemonade

In related news, insider John Sheldon Peters sold 3,554 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $81.00, for a total transaction of $287,874.00. Following the completion of the sale, the insider directly owned 70,771 shares in the company, valued at approximately $5,732,451. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Adina Eckstein sold 7,919 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $81.15, for a total value of $642,626.85. Following the completion of the transaction, the chief operating officer directly owned 196,310 shares in the company, valued at $15,930,556.50. This represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 156,525 shares of company stock valued at $11,913,387. Company insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LMND. Citigroup reiterated a “market outperform” rating on shares of Lemonade in a research report on Monday, November 24th. BMO Capital Markets boosted their price target on Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, August 18th. Citizens Jmp raised their price target on Lemonade from $60.00 to $80.00 and gave the company a “market outperform” rating in a report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a report on Wednesday, October 8th. Finally, Piper Sandler lowered their target price on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.57.

Lemonade Stock Down 5.0%

Shares of Lemonade stock opened at $77.89 on Monday. The business has a fifty day simple moving average of $65.71 and a 200-day simple moving average of $53.42. Lemonade, Inc. has a fifty-two week low of $24.31 and a fifty-two week high of $84.52. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of -32.59 and a beta of 2.12.

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

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.