Susquehanna Fundamental Investments LLC Takes Position in Lemonade, Inc. (NYSE:LMND)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,300 shares of the company's stock, valued at approximately $525,000.

Several other large investors have also bought and sold shares of LMND. Jones Financial Companies Lllp boosted its stake in shares of Lemonade by 6.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,870 shares of the company's stock valued at $215,000 after purchasing an additional 375 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Lemonade by 8.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,463 shares of the company's stock worth $200,000 after purchasing an additional 423 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Lemonade by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company's stock valued at $5,545,000 after buying an additional 442 shares during the period. Nisa Investment Advisors LLC boosted 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. Finally, PNC Financial Services Group Inc. increased its stake in shares of Lemonade by 116.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company's stock valued at $59,000 after acquiring an additional 860 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lemonade

In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 204,575 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $37.08, for a total transaction of $7,585,641.00. Following the completion of the transaction, the insider now owns 10,494,636 shares of the company's stock, valued at $389,141,102.88. This represents a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $64,167.21. Following the transaction, the insider now owns 87,609 shares in the company, valued at $2,960,308.11. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 671,311 shares of company stock worth $21,971,084. Company insiders own 12.50% of the company's stock.

Analysts Set New Price Targets

LMND has been the subject of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on Lemonade from $25.00 to $22.00 and set an "underperform" rating for the company in a report on Tuesday, April 22nd. Piper Sandler reduced their price objective on shares of Lemonade from $44.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Morgan Stanley cut Lemonade from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $35.00 to $24.00 in a research report on Tuesday, April 8th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $28.17.

Lemonade Stock Up 0.8 %

NYSE:LMND traded up $0.25 during mid-day trading on Wednesday, hitting $30.56. 2,709,841 shares of the stock traded hands, compared to its average volume of 1,924,389. Lemonade, Inc. has a 12-month low of $14.03 and a 12-month high of $53.85. The company has a market cap of $2.24 billion, a PE ratio of -10.05 and a beta of 2.13. The business's 50-day moving average price is $31.19 and its 200 day moving average price is $33.96.

Lemonade (NYSE:LMND - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.84) by ($0.02). Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. During the same period in the previous year, the business posted ($0.67) EPS. Lemonade's revenue was up 27.0% on a year-over-year basis. Analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal 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.