Lemonade, Inc. (NYSE:LMND) is Halter Ferguson Financial Inc.'s 3rd Largest Position

Key Points

• Halter Ferguson Financial Inc. increased its position in Lemonade, Inc. by 62.8% during Q1, owning approximately 476,764 shares valued at around $14.99 million.
• JPMorgan Chase & Co. significantly boosted its stake in Lemonade by 2,627.9% during Q4, now holding approximately 1.35 million shares worth about $49.49 million.
• Lemonade reported a $0.86 loss per share for the last quarter, missing the consensus estimate by $0.02, despite a 27% increase in quarterly revenue compared to the previous year.

Halter Ferguson Financial Inc. lifted its position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 62.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 476,764 shares of the company's stock after purchasing an additional 183,974 shares during the period. Lemonade comprises about 7.6% of Halter Ferguson Financial Inc.'s holdings, making the stock its 3rd largest position. Halter Ferguson Financial Inc. owned 0.65% of Lemonade worth $14,985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in Lemonade during the 4th quarter valued at approximately $201,000. American Century Companies Inc. grew its position in Lemonade by 6.3% in the 4th quarter. American Century Companies Inc. now owns 106,595 shares of the company's stock valued at $3,910,000 after buying an additional 6,320 shares during the last quarter. Sei Investments Co. acquired a new position in Lemonade in the 4th quarter valued at $553,000. LPL Financial LLC raised its position in Lemonade by 8.0% during the 4th quarter. LPL Financial LLC now owns 36,195 shares of the company's stock worth $1,328,000 after buying an additional 2,691 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Lemonade by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,343,492 shares of the company's stock worth $195,999,000 after acquiring an additional 134,776 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Lemonade Trading Up 6.7%

Shares of NYSE:LMND traded up $3.22 on Wednesday, hitting $51.15. The company had a trading volume of 5,637,856 shares, compared to its average volume of 2,534,227. The company has a market cap of $3.75 billion, a PE ratio of -18.07 and a beta of 2.19. The business has a 50 day moving average of $40.12 and a 200 day moving average of $34.92. Lemonade, Inc. has a 52-week low of $14.90 and a 52-week high of $53.85.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) earnings per share for the quarter, beating analysts' consensus estimates of ($0.81) by $0.21. Lemonade had a negative net margin of 33.96% and a negative return on equity of 35.34%. The business had revenue of $164.10 million during the quarter, compared to analyst estimates of $160.88 million. During the same quarter in the previous year, the business posted ($0.81) earnings per share. The company's revenue was up 34.5% on a year-over-year basis. As a group, equities analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Lemonade from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. BMO Capital Markets increased their price objective on Lemonade from $15.00 to $23.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 2nd. Morgan Stanley reaffirmed an "underweight" rating and set a $26.00 price target (up from $24.00) on shares of Lemonade in a research note on Monday, July 14th. Finally, Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $26.00 price target (up previously from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $30.50.

Insider Buying and Selling

In other Lemonade news, insider John Sheldon Peters sold 6,543 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $45.00, for a total transaction of $294,435.00. Following the completion of the sale, the insider owned 106,115 shares of the company's stock, valued at approximately $4,775,175. The trade was a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Adina Eckstein sold 5,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the transaction, the chief operating officer owned 189,653 shares in the company, valued at approximately $8,534,385. This trade represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,372,531 shares of company stock valued at $44,125,876. 14.70% of the stock is currently owned by company 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.