Lemonade, Inc. (NYSE:LMND) Stock Position Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,049 shares of the company's stock after selling 7,181 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Lemonade worth $3,340,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Quarry LP grew its stake in Lemonade by 300.4% in 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 last quarter. Russell Investments Group Ltd. grew its position 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 worth $42,000 after buying an additional 867 shares during the period. BNP Paribas bought a new position in Lemonade during the 4th quarter worth approximately $57,000. PNC Financial Services Group Inc. boosted its stake in Lemonade by 116.8% during the 4th 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. Finally, Union Bancaire Privee UBP SA bought a new position in Lemonade in the fourth quarter valued at approximately $67,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMND has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target 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. Morgan Stanley cut 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 target price on shares of Lemonade from $44.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Lemonade presently has a consensus rating of "Hold" and an average price target of $28.17.

Insider Activity

In other news, insider John Sheldon Peters sold 1,494 shares of Lemonade stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $35.25, for a total value of $52,663.50. Following the sale, the insider now directly owns 106,115 shares of the company's stock, valued at $3,740,553.75. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of Lemonade stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $37.22, for a total value of $1,569,195.20. Following the completion of the sale, the insider now owns 10,452,476 shares in the company, valued at $389,041,156.72. This represents a 0.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,744,737 shares of company stock valued at $87,411,365. 14.70% of the stock is currently owned by insiders.

Lemonade Trading Down 0.1%

NYSE LMND opened at $35.82 on Friday. Lemonade, Inc. has a 12 month low of $14.03 and a 12 month high of $53.85. The stock has a market cap of $2.62 billion, a P/E ratio of -11.78 and a beta of 2.14. The stock's fifty day moving average price is $30.11 and its 200-day moving average price is $35.00.

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

Lemonade 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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