Lemonade, Inc. (NYSE:LMND) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Lemonade, Inc. (NYSE:LMND - Free Report) by 1,549.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,673 shares of the company's stock after purchasing an additional 18,480 shares during the period. International Assets Investment Management LLC's holdings in Lemonade were worth $324,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LMND. Blue Trust Inc. grew its holdings in shares of Lemonade by 220.0% in the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company's stock worth $45,000 after purchasing an additional 1,879 shares during the last quarter. Axiom Advisory LLC boosted its holdings in shares of Lemonade by 1.6% in the third quarter. Axiom Advisory LLC now owns 54,400 shares of the company's stock valued at $897,000 after buying an additional 850 shares during the period. SG Americas Securities LLC bought a new stake in Lemonade in the 3rd quarter valued at approximately $308,000. Algert Global LLC grew its holdings in shares of Lemonade by 6.8% in the 2nd quarter. Algert Global LLC now owns 82,883 shares of the company's stock valued at $1,368,000 after acquiring an additional 5,295 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Lemonade by 9.7% during the second quarter. The Manufacturers Life Insurance Company now owns 29,194 shares of the company's stock worth $482,000 after buying an additional 2,582 shares during the last quarter. Institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LMND shares. JMP Securities reiterated a "market outperform" rating and set a $40.00 target price on shares of Lemonade in a research note on Tuesday, October 15th. Piper Sandler raised their price target on shares of Lemonade from $18.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Jefferies Financial Group lowered their target price on Lemonade from $15.00 to $14.00 and set an "underperform" rating for the company in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lowered shares of Lemonade from a "market perform" rating to an "underperform" rating and lifted their price target for the stock from $18.00 to $21.00 in a report on Thursday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.83.

Insider Buying and Selling

In other Lemonade news, CFO Timothy E. Bixby sold 2,050 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total value of $37,392.00. Following the completion of the transaction, the chief financial officer now directly owns 271,552 shares in the company, valued at $4,953,108.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 12.50% of the stock is currently owned by corporate insiders.

Lemonade Price Performance

LMND stock traded down $1.97 during mid-day trading on Thursday, hitting $27.32. 3,157,111 shares of the stock were exchanged, compared to its average volume of 1,632,632. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -9.09 and a beta of 1.68. The business has a fifty day moving average price of $18.58 and a 200 day moving average price of $17.91. Lemonade, Inc. has a 12 month low of $13.72 and a 12 month high of $29.41.

Lemonade (NYSE:LMND - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share for the quarter, beating analysts' consensus estimates of ($1.02) by $0.07. The firm had revenue of $136.60 million for the quarter, compared to analyst estimates of $129.10 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The company's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.88) EPS. As a group, equities analysts forecast that Lemonade, Inc. will post -3 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.