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

Two Sigma Investments LP acquired a new stake in Lemonade, Inc. (NYSE:LMND - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 601,575 shares of the company's stock, valued at approximately $22,066,000. Two Sigma Investments LP owned 0.84% of Lemonade as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, insider John Sheldon Peters sold 1,899 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were 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 $2,960,308.11. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Softbank Group Capital Ltd sold 387,282 shares of Lemonade stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $32.84, for a total value of $12,718,340.88. Following the completion of the transaction, the insider now owns 7,111,441 shares in the company, valued at $233,539,722.44. The trade was a 5.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,744,890 shares of company stock valued at $87,413,986. Insiders own 14.70% of the company's stock.

Lemonade Stock Performance

Shares of NYSE LMND opened at $29.24 on Thursday. The firm has a market cap of $2.14 billion, a P/E ratio of -9.62 and a beta of 2.13. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85. The firm's 50 day moving average price is $30.39 and its 200 day moving average price is $34.76.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.67) EPS. As a group, equities analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LMND shares. Piper Sandler cut 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. Morgan Stanley lowered Lemonade from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $35.00 to $24.00 in a research note on Tuesday, April 8th. Finally, 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. Four equities research 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, Lemonade has a consensus rating of "Hold" and an average price target of $28.17.

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.

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