Lemonade, Inc. (NYSE:LMND) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its holdings in Lemonade, Inc. (NYSE:LMND - Free Report) by 96.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,383 shares of the company's stock after selling 309,499 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Lemonade were worth $454,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LMND. Avior Wealth Management LLC bought a new stake in Lemonade during the fourth quarter valued at about $40,000. PNC Financial Services Group Inc. lifted its position in shares of Lemonade by 116.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company's stock valued at $59,000 after buying an additional 860 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Lemonade in the 4th quarter valued at about $67,000. US Bancorp DE grew its position in shares of Lemonade by 574.5% in the 4th quarter. US Bancorp DE now owns 1,875 shares of the company's stock worth $69,000 after buying an additional 1,597 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of Lemonade in the 4th quarter worth approximately $80,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

Wall Street Analyst Weigh In

LMND has been the subject of several recent analyst reports. Morgan Stanley downgraded shares of Lemonade from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $35.00 to $24.00 in a research note on Tuesday, April 8th. Piper Sandler decreased their price objective on Lemonade from $44.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lemonade presently has an average rating of "Hold" and an average price target of $28.00.

Lemonade Trading Up 0.9 %

Shares of NYSE LMND traded up $0.22 during midday trading on Friday, reaching $26.33. The company had a trading volume of 1,253,438 shares, compared to its average volume of 1,933,604. The stock has a market cap of $1.92 billion, a P/E ratio of -8.66 and a beta of 2.13. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85. The business's 50-day simple moving average is $33.51 and its 200 day simple moving average is $32.75.

Lemonade (NYSE:LMND - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.19. The firm had revenue of $148.80 million during the quarter, compared to analysts' expectations of $144.78 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. Analysts predict that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Insider Buying and Selling at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total transaction of $64,167.21. Following the transaction, the insider now owns 87,609 shares in the company, valued at approximately $2,960,308.11. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Softbank Group Capital Ltd sold 204,575 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $37.08, for a total value of $7,585,641.00. Following the completion of the sale, the insider now directly owns 10,494,636 shares in the company, valued at approximately $389,141,102.88. The trade was a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 248,634 shares of company stock worth $9,219,003. Insiders own 12.50% of the company's stock.

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.