Centiva Capital LP Takes Position in Lemonade, Inc. (NYSE:LMND)

Centiva Capital LP purchased a new stake in Lemonade, Inc. (NYSE:LMND - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,591 shares of the company's stock, valued at approximately $388,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in Lemonade by 300.4% during the fourth quarter. Quarry LP now owns 933 shares of the company's stock valued at $34,000 after purchasing an additional 700 shares in the last quarter. Avior Wealth Management LLC purchased a new position in Lemonade in the 4th quarter valued at about $40,000. Russell Investments Group Ltd. boosted its holdings in Lemonade by 318.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company's stock worth $42,000 after buying an additional 867 shares during the last quarter. BNP Paribas purchased a new stake in Lemonade during the 4th quarter worth approximately $57,000. Finally, PNC Financial Services Group Inc. raised its holdings 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 acquiring an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Lemonade

In related news, insider John Sheldon Peters sold 1,899 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total transaction of $64,167.21. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the business'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 completion of the sale, the insider now owns 10,452,476 shares in the company, valued at approximately $389,041,156.72. This trade represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,385,648 shares of company stock worth $43,869,091 in the last 90 days. Insiders own 14.70% of the company's stock.

Lemonade Stock Down 0.5%

Shares of NYSE:LMND opened at $31.07 on Monday. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $53.85. The stock has a market cap of $2.28 billion, a P/E ratio of -10.22 and a beta of 2.13. The business has a fifty day moving average of $30.87 and a two-hundred day moving average of $34.33.

Lemonade (NYSE:LMND - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.84) by ($0.02). Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. During the same quarter last year, the firm posted ($0.67) EPS. The business's revenue was up 27.0% on a year-over-year basis. On average, equities analysts anticipate 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.

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