Jefferies Financial Group Inc. Buys New Stake in Lemonade, Inc. (NYSE:LMND)

Jefferies Financial Group Inc. acquired a new position in Lemonade, Inc. (NYSE:LMND - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 121,514 shares of the company's stock, valued at approximately $4,457,000. Jefferies Financial Group Inc. owned 0.17% of Lemonade as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMND. Quarry LP boosted its stake 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 during the period. Avior Wealth Management LLC acquired a new stake in shares of Lemonade during the 4th quarter valued at $40,000. Russell Investments Group Ltd. boosted its stake in shares of Lemonade by 318.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company's stock valued at $42,000 after buying an additional 867 shares during the period. BNP Paribas acquired a new stake in shares of Lemonade during the 4th quarter valued at $57,000. Finally, PNC Financial Services Group Inc. boosted its stake 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 valued at $59,000 after buying an additional 860 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction, the insider now owns 10,452,476 shares in the company, valued at approximately $389,041,156.72. The trade was a 0.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 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 in the company, 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 valued at $87,413,986 in the last quarter. Insiders own 14.70% of the company's stock.

Lemonade Price Performance

Shares of LMND stock traded up $1.31 on Friday, hitting $33.60. The company's stock had a trading volume of 2,472,585 shares, compared to its average volume of 1,949,992. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $53.85. The firm's fifty day moving average price is $29.90 and its 200-day moving average price is $34.94. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -11.05 and a beta of 2.13.

Lemonade (NYSE:LMND - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.86) earnings per share 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%. The business's revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.67) EPS. Analysts predict that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LMND. 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 research note on Wednesday, February 26th. Keefe, Bruyette & Woods decreased their target price on shares of Lemonade from $25.00 to $22.00 and set an "underperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered shares of Lemonade from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $35.00 to $24.00 in a research note on Tuesday, April 8th. 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.