Wells Fargo & Company MN Has $2.03 Million Stake in Lemonade, Inc. (NYSE:LMND)

Wells Fargo & Company MN decreased its holdings in Lemonade, Inc. (NYSE:LMND - Free Report) by 54.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,221 shares of the company's stock after selling 65,607 shares during the quarter. Wells Fargo & Company MN owned 0.08% of Lemonade worth $2,026,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in Lemonade by 6.8% in the fourth quarter. Jones Financial Companies Lllp now owns 5,870 shares of the company's stock valued at $215,000 after acquiring an additional 375 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Lemonade by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company's stock valued at $5,545,000 after purchasing an additional 442 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Lemonade by 4.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company's stock worth $390,000 after buying an additional 500 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Lemonade by 116.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company's stock worth $59,000 after buying an additional 860 shares during the last quarter. Finally, Avior Wealth Management LLC acquired a new stake in Lemonade in the fourth quarter valued at about $40,000. Institutional investors own 80.30% of the company's stock.

Insider Activity

In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the company's stock in a transaction on 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 sale, the insider now owns 10,452,476 shares of the company's stock, valued at approximately $389,041,156.72. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Sheldon Peters sold 1,899 shares of Lemonade stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the completion of the transaction, the insider now directly owns 87,609 shares of the company's stock, valued at approximately $2,960,308.11. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 248,634 shares of company stock valued at $9,219,003. Company insiders own 12.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LMND. Piper Sandler dropped their target price on shares of Lemonade from $44.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Morgan Stanley downgraded shares of Lemonade from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $35.00 to $24.00 in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Lemonade from $25.00 to $22.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 22nd. 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 stock. Based on data from MarketBeat.com, Lemonade has a consensus rating of "Hold" and an average target price of $28.17.

Lemonade Trading Up 0.0 %

LMND traded up $0.01 during trading on Tuesday, reaching $29.53. 1,188,706 shares of the company's stock were exchanged, compared to its average volume of 1,919,500. The firm has a fifty day moving average price of $31.69 and a two-hundred day moving average price of $33.61. The stock has a market capitalization of $2.16 billion, a PE ratio of -9.71 and a beta of 2.13. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.42) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.19. The business 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%. Sell-side analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current year.

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.