Lemonade, Inc. (NYSE:LMND) Shares Bought by Barclays PLC

Barclays PLC raised its holdings in Lemonade, Inc. (NYSE:LMND - Free Report) by 292.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,414 shares of the company's stock after purchasing an additional 65,144 shares during the quarter. Barclays PLC owned 0.12% of Lemonade worth $1,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LMND. FMR LLC raised its position in Lemonade by 93.0% during the third quarter. FMR LLC now owns 318,321 shares of the company's stock valued at $5,249,000 after acquiring an additional 153,362 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Lemonade by 99.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company's stock worth $903,000 after purchasing an additional 27,265 shares during the period. Verition Fund Management LLC purchased a new position in shares of Lemonade during the 3rd quarter valued at approximately $1,571,000. GSA Capital Partners LLP lifted its stake in shares of Lemonade by 31.0% in the 3rd quarter. GSA Capital Partners LLP now owns 180,916 shares of the company's stock valued at $2,983,000 after purchasing an additional 42,822 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Lemonade by 1,549.0% during the third quarter. International Assets Investment Management LLC now owns 19,673 shares of the company's stock worth $324,000 after buying an additional 18,480 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Lemonade from $25.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, November 21st. Morgan Stanley raised shares of Lemonade from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $23.00 to $42.00 in a research note on Wednesday, November 20th. BMO Capital Markets raised their price target on shares of Lemonade from $13.00 to $15.00 and gave the company an "underperform" rating in a research note on Thursday, November 21st. Jefferies Financial Group cut their price objective on Lemonade from $15.00 to $14.00 and set an "underperform" rating for the company in a research note on Wednesday, October 9th. Finally, JMP Securities raised their target price on Lemonade from $40.00 to $60.00 and gave the company a "market outperform" rating in a research report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $32.67.

Insider Activity

In related news, COO Adina Eckstein sold 23,644 shares of Lemonade stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.00, for a total transaction of $945,760.00. Following the sale, the chief operating officer now directly owns 189,653 shares in the company, valued at $7,586,120. This trade represents a 11.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Sheldon Peters sold 1,790 shares of Lemonade stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $45.50, for a total transaction of $81,445.00. Following the completion of the transaction, the insider now directly owns 88,493 shares in the company, valued at $4,026,431.50. The trade was a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 900,499 shares of company stock worth $39,114,376. Corporate insiders own 12.50% of the company's stock.

Lemonade Price Performance

Shares of Lemonade stock opened at $31.83 on Monday. The stock's 50 day simple moving average is $39.66 and its 200-day simple moving average is $25.79. The stock has a market cap of $2.27 billion, a P/E ratio of -10.47 and a beta of 2.17. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, beating the consensus estimate of ($1.02) by $0.07. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The business had revenue of $136.60 million during the quarter, compared to analyst estimates of $129.10 million. During the same quarter last year, the firm posted ($0.88) earnings per share. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, research analysts expect that Lemonade, Inc. will post -3.04 EPS 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.