Two Sigma Advisers LP Takes Position in Lemonade, Inc. (NYSE:LMND)

Two Sigma Advisers LP bought a new stake 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 firm bought 420,166 shares of the company's stock, valued at approximately $15,412,000. Two Sigma Advisers LP owned 0.59% of Lemonade as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quarry LP grew its position in shares of Lemonade by 300.4% in the fourth quarter. Quarry LP now owns 933 shares of the company's stock valued at $34,000 after purchasing an additional 700 shares during the period. Avior Wealth Management LLC acquired a new position in Lemonade during the fourth quarter worth about $40,000. Russell Investments Group Ltd. boosted its position in Lemonade by 318.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company's stock worth $42,000 after acquiring an additional 867 shares during the last quarter. BNP Paribas acquired a new position in Lemonade during the fourth quarter worth about $57,000. Finally, PNC Financial Services Group Inc. boosted its position in Lemonade by 116.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company's stock worth $59,000 after acquiring an additional 860 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Lemonade Price Performance

Shares of Lemonade stock traded up $1.99 during trading hours on Tuesday, hitting $32.91. The company had a trading volume of 514,459 shares, compared to its average volume of 1,927,714. The company's 50-day moving average is $30.13 and its two-hundred day moving average is $34.96. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $53.85. The company has a market cap of $2.41 billion, a P/E ratio of -10.80 and a beta of 2.13.

Lemonade (NYSE:LMND - Get Free Report) last released its quarterly earnings results 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 net margin of 43.51% and a negative return on equity of 32.85%. During the same quarter in the previous year, the company posted ($0.67) earnings per share. The business's quarterly revenue was up 27.0% compared to the same quarter last year. Sell-side analysts expect that Lemonade, Inc. will post -3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler reduced their target price 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. Keefe, Bruyette & Woods reduced 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. Finally, Morgan Stanley downgraded shares of Lemonade from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $35.00 to $24.00 in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lemonade currently has an average rating of "Hold" and an average target price of $28.17.

Insider Activity at Lemonade

In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 204,575 shares of the company's stock in a transaction on Monday, March 24th. The shares were 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 in the company, valued at approximately $389,141,102.88. This represents a 1.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Sheldon Peters sold 1,899 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was 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 of the company's stock, valued at approximately $2,960,308.11. The trade was a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,744,890 shares of company stock worth $87,413,986 in the last 90 days. 14.70% of the stock is owned by insiders.

About Lemonade

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.