Vanguard Group Inc. Acquires 134,776 Shares of Lemonade, Inc. (NYSE:LMND)

Vanguard Group Inc. boosted its position in Lemonade, Inc. (NYSE:LMND - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,343,492 shares of the company's stock after acquiring an additional 134,776 shares during the period. Vanguard Group Inc. owned 7.48% of Lemonade worth $195,999,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LMND. FMR LLC grew its position in Lemonade by 93.0% in the 3rd quarter. FMR LLC now owns 318,321 shares of the company's stock valued at $5,249,000 after purchasing an additional 153,362 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Lemonade in the fourth quarter valued at $2,712,000. Barclays PLC grew its holdings in shares of Lemonade by 292.5% during the third quarter. Barclays PLC now owns 87,414 shares of the company's stock valued at $1,443,000 after buying an additional 65,144 shares during the last quarter. Mandatum Life Insurance Co Ltd acquired a new position in shares of Lemonade during the fourth quarter valued at about $378,000. Finally, Watershed Private Wealth LLC bought a new stake in shares of Lemonade during the fourth quarter worth about $286,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LMND. Morgan Stanley cut shares of Lemonade from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $35.00 to $24.00 in a research report on Tuesday. Piper Sandler dropped their target price on Lemonade from $44.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.00.

Lemonade Stock Up 0.9 %

LMND stock traded up $0.22 during trading on Friday, reaching $26.33. The stock had a trading volume of 1,253,438 shares, compared to its average volume of 1,930,917. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -8.66 and a beta of 2.13. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85. The company's 50 day moving average is $33.51 and its two-hundred day moving average is $32.65.

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

Insider Activity

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total value of $64,167.21. Following the transaction, the insider now directly owns 87,609 shares in the company, valued at $2,960,308.11. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $37.22, for a total transaction of $1,569,195.20. Following the sale, the insider now owns 10,452,476 shares of the company's stock, valued at approximately $389,041,156.72. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 248,634 shares of company stock valued at $9,219,003 in the last ninety days. 12.50% of the stock is currently owned by insiders.

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.