Algert Global LLC Sells 14,076 Shares of Lemonade, Inc. (NYSE:LMND)

Algert Global LLC decreased its stake in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,707 shares of the company's stock after selling 14,076 shares during the period. Algert Global LLC owned approximately 0.08% of Lemonade worth $1,970,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LMND. Quarry LP boosted its holdings in shares of Lemonade by 300.4% during the 4th quarter. Quarry LP now owns 933 shares of the company's stock valued at $34,000 after buying an additional 700 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in Lemonade in the fourth quarter worth about $40,000. Russell Investments Group Ltd. lifted its holdings in shares of Lemonade by 318.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company's stock valued at $42,000 after purchasing an additional 867 shares during the last quarter. PNC Financial Services Group Inc. boosted its position 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 worth $59,000 after purchasing an additional 860 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Lemonade in the 4th quarter worth approximately $67,000. Institutional investors own 80.30% of the company's stock.

Lemonade Stock Performance

Shares of LMND traded down $0.15 during mid-day trading on Friday, hitting $31.07. 1,966,487 shares of the company traded hands, compared to its average volume of 1,938,054. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of -10.22 and a beta of 2.13. The stock has a 50-day moving average price of $30.87 and a two-hundred day moving average price of $34.33.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the company posted ($0.67) earnings per share. The firm's revenue for the quarter was up 27.0% on a year-over-year basis. On average, analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current year.

Insider Buying and Selling

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction on 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 422,177 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $30.17, for a total value of $12,737,080.09. Following the sale, the insider now directly owns 10,015,984 shares in the company, valued at approximately $302,182,237.28. This represents a 4.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,385,648 shares of company stock valued at $43,869,091. 14.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley cut Lemonade from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $35.00 to $24.00 in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price objective on shares of Lemonade from $25.00 to $22.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Piper Sandler decreased 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. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $28.17.

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.