Lemonade, Inc. (NYSE:LMND) Major Shareholder Sells $1,569,195.20 in Stock

Lemonade, Inc. (NYSE:LMND - Get Free Report) major shareholder Softbank Group Capital Ltd sold 42,160 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $37.22, for a total value of $1,569,195.20. Following the completion of the sale, the insider now owns 10,452,476 shares of the company's stock, valued at approximately $389,041,156.72. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Softbank Group Capital Ltd also recently made the following trade(s):

• On Monday, March 24th, Softbank Group Capital Ltd sold 204,575 shares of Lemonade stock. The stock was sold at an average price of $37.08, for a total transaction of $7,585,641.00.

Lemonade Trading Up 1.2 %

LMND traded up $0.38 during midday trading on Tuesday, reaching $31.81. The company's stock had a trading volume of 467,498 shares, compared to its average volume of 1,891,121. The stock's 50-day moving average is $34.51 and its 200-day moving average is $32.05. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -10.44 and a beta of 2.12.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.42) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.19. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The company had revenue of $148.80 million during the quarter, compared to analyst estimates of $144.78 million. As a group, equities research analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LMND. Vanguard Group Inc. increased its position in shares of Lemonade by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,343,492 shares of the company's stock valued at $195,999,000 after acquiring an additional 134,776 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Lemonade by 2,627.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,349,356 shares of the company's stock worth $49,494,000 after purchasing an additional 1,299,891 shares during the last quarter. State Street Corp lifted its holdings in shares of Lemonade by 1.2% during the third quarter. State Street Corp now owns 1,233,662 shares of the company's stock valued at $20,343,000 after purchasing an additional 14,028 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Lemonade during the fourth quarter valued at $22,066,000. Finally, Voloridge Investment Management LLC bought a new stake in Lemonade in the 4th quarter worth about $21,310,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price objective on shares of Lemonade from $44.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Lemonade has an average rating of "Hold" and an average price target of $31.00.

About Lemonade

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.