6,776 Shares in Lemonade, Inc. (NYSE:LMND) Bought by Ground Swell Capital LLC

Ground Swell Capital LLC bought a new stake in Lemonade, Inc. (NYSE:LMND) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,776 shares of the company’s stock, valued at approximately $249,000.

Several other large investors also recently modified their holdings of the business. Jones Financial Companies Lllp lifted its holdings in shares of Lemonade by 6.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,870 shares of the company’s stock valued at $215,000 after purchasing an additional 375 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in Lemonade by 8.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,463 shares of the company’s stock worth $200,000 after buying an additional 423 shares during the period. Bank of New York Mellon Corp raised its holdings in Lemonade by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $5,545,000 after buying an additional 442 shares during the period. Nisa Investment Advisors LLC lifted its stake in Lemonade by 4.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company’s stock valued at $390,000 after buying an additional 500 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Lemonade by 300.4% in the fourth quarter. Quarry LP now owns 933 shares of the company’s stock valued at $34,000 after buying an additional 700 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the sale, the insider now owns 87,609 shares in the company, valued at $2,960,308.11. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Softbank Group Capital Ltd sold 316,122 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $31.14, for a total value of $9,844,039.08. Following the completion of the sale, the insider now directly owns 8,970,683 shares of the company’s stock, valued at approximately $279,347,068.62. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,385,648 shares of company stock valued at $43,869,091 in the last 90 days. 14.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Piper Sandler dropped 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. Morgan Stanley downgraded Lemonade from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $35.00 to $24.00 in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on Lemonade from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.17.

Lemonade Trading Down 0.5 %

Lemonade stock opened at $31.07 on Friday. The company has a fifty day simple moving average of $30.87 and a 200 day simple moving average of $34.11. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85. The company has a market cap of $2.28 billion, a P/E ratio of -10.22 and a beta of 2.13.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.02). Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. During the same period in the prior year, the firm posted ($0.67) earnings per share. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. On average, equities research analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current 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.