Baader Bank Aktiengesellschaft Invests $1.54 Million in Lemonade, Inc. $LMND

Baader Bank Aktiengesellschaft bought a new position in shares of Lemonade, Inc. (NYSE:LMND) during the fourth quarter, Holdings Channel.com reports. The firm bought 21,642 shares of the company’s stock, valued at approximately $1,537,000.

Other large investors also recently modified their holdings of the company. Bayforest Capital Ltd acquired a new position in shares of Lemonade during the third quarter worth approximately $25,000. Strategic Advocates LLC acquired a new position in shares of Lemonade during the third quarter worth approximately $33,000. Torren Management LLC acquired a new position in shares of Lemonade during the fourth quarter worth approximately $35,000. NewEdge Advisors LLC acquired a new position in shares of Lemonade during the first quarter worth approximately $35,000. Finally, Tsfg LLC acquired a new position in shares of Lemonade during the third quarter worth approximately $54,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Lemonade Stock Performance

Shares of NYSE:LMND opened at $53.01 on Thursday. The company has a 50 day moving average price of $60.29 and a two-hundred day moving average price of $68.80. Lemonade, Inc. has a 52 week low of $28.71 and a 52 week high of $99.90. The company has a market capitalization of $4.07 billion, a PE ratio of -28.35 and a beta of 1.85.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.11. Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $251.51 million. During the same quarter in the prior year, the firm earned ($0.86) earnings per share. The firm’s revenue was up 70.6% compared to the same quarter last year. On average, sell-side analysts forecast that Lemonade, Inc. will post -1.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LMND. Truist Financial reduced their target price on shares of Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley set a $80.00 price target on shares of Lemonade in a research note on Friday, May 8th. Citizens Jmp dropped their price target on shares of Lemonade from $85.00 to $80.00 and set a “market outperform” rating for the company in a research note on Thursday, April 30th. Wolfe Research set a $44.00 price target on shares of Lemonade in a research note on Tuesday, February 24th. Finally, Citigroup reissued an “outperform” rating on shares of Lemonade in a research note on Friday, January 16th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.25.

Insider Buying and Selling

In other Lemonade news, insider John Sheldon Peters sold 3,571 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $52.50, for a total value of $187,477.50. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 5,567 shares of company stock valued at $287,517 in the last ninety days. Company insiders own 14.70% of the company’s stock.

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.