Landscape Capital Management L.L.C. Raises Stock Position in Lemonade, Inc. (NYSE:LMND)

Landscape Capital Management L.L.C. boosted its stake in Lemonade, Inc. (NYSE:LMND - Free Report) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,882 shares of the company's stock after purchasing an additional 48,260 shares during the period. Lemonade makes up about 0.5% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 27th biggest holding. Landscape Capital Management L.L.C. owned approximately 0.45% of Lemonade worth $5,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of LMND. Blue Trust Inc. increased its stake in shares of Lemonade by 220.0% in the third quarter. Blue Trust Inc. now owns 2,733 shares of the company's stock worth $45,000 after buying an additional 1,879 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Lemonade by 1,647.6% in the 3rd quarter. Quest Partners LLC now owns 9,105 shares of the company's stock valued at $150,000 after acquiring an additional 8,584 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Lemonade in the 2nd quarter worth about $180,000. Bristlecone Advisors LLC acquired a new position in Lemonade during the 3rd quarter valued at about $218,000. Finally, Intech Investment Management LLC bought a new position in Lemonade in the 3rd quarter worth approximately $264,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

Insider Transactions at Lemonade

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 owns 271,552 shares of the company's stock, valued at $4,953,108.48. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maria Angelidis-Smith acquired 15,042 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of $33.23 per share, for a total transaction of $499,845.66. Following the acquisition, the director now directly owns 33,554 shares in the company, valued at $1,114,999.42. This represents a 81.26 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 55,604 shares of company stock worth $1,655,085. Insiders own 12.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley raised shares of Lemonade from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $23.00 to $42.00 in a report on Wednesday. JMP Securities reissued a "market outperform" rating and set a $40.00 target price on shares of Lemonade in a research note on Tuesday, October 15th. 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 research report on Thursday, November 7th. Piper Sandler raised their price objective on Lemonade from $18.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group reduced 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Lemonade has a consensus rating of "Hold" and an average target price of $26.50.

Lemonade Stock Performance

Shares of NYSE LMND opened at $46.58 on Thursday. The business's 50-day moving average price is $21.71 and its two-hundred day moving average price is $19.07. Lemonade, Inc. has a one year low of $14.03 and a one year high of $48.15.

Lemonade (NYSE:LMND - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.02) by $0.07. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The company had revenue of $136.60 million during the quarter, compared to the consensus estimate of $129.10 million. During the same quarter in the prior year, the company posted ($0.88) EPS. The firm's revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts predict that Lemonade, Inc. will post -3.05 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.

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