43,974 Shares in Lemonade, Inc. (NYSE:LMND) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Lemonade, Inc. (NYSE:LMND - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 43,974 shares of the company's stock, valued at approximately $1,613,000. Raymond James Financial Inc. owned approximately 0.06% of Lemonade as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Avior Wealth Management LLC bought a new stake in shares of Lemonade in the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA acquired a new position in Lemonade in the fourth quarter worth about $67,000. US Bancorp DE increased its holdings in Lemonade by 574.5% in the fourth quarter. US Bancorp DE now owns 1,875 shares of the company's stock valued at $69,000 after buying an additional 1,597 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Lemonade by 321.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company's stock valued at $74,000 after buying an additional 3,403 shares in the last quarter. Finally, KBC Group NV bought a new position in Lemonade during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Lemonade Stock Down 6.0 %

Shares of NYSE:LMND traded down $1.79 during trading on Friday, hitting $28.19. 2,148,905 shares of the company traded hands, compared to its average volume of 1,903,838. The business's fifty day moving average is $34.36 and its 200-day moving average is $32.39. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -9.27 and a beta of 2.13. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Lemonade

In related news, insider John Sheldon Peters sold 1,899 shares of the company'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 completion of the sale, the insider now owns 87,609 shares of the company's stock, valued at $2,960,308.11. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 dated Wednesday, March 26th. The shares were sold at an average price of $37.22, for a total transaction of $1,569,195.20. Following the transaction, the insider now directly owns 10,452,476 shares in the company, 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. Over the last three months, insiders sold 248,634 shares of company stock worth $9,219,003. Company insiders own 12.50% of the company's stock.

Lemonade Company 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.