United Capital Management of KS Inc. Invests $689,000 in Lemonade, Inc. $LMND

Key Points

• United Capital Management of KS Inc. has acquired a new stake in Lemonade, Inc., purchasing 21,922 shares valued at approximately $689,000.
• Lemonade reported earnings of ($0.60) EPS for the last quarter, surpassing analysts' expectations, with revenue of $164.10 million.
• Insider transactions showed significant stock sales, including COO Adina Eckstein selling 5,000 shares, indicating a 2.57% decrease in their ownership.

United Capital Management of KS Inc. acquired a new stake in shares of Lemonade, Inc. (NYSE:LMND - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,922 shares of the company's stock, valued at approximately $689,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in Lemonade by 7.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 31,000 shares of the company's stock valued at $1,137,000 after buying an additional 2,209 shares in the last quarter. Invesco Ltd. lifted its position in shares of Lemonade by 14.0% in the fourth quarter. Invesco Ltd. now owns 76,718 shares of the company's stock worth $2,814,000 after purchasing an additional 9,419 shares in the last quarter. GAMMA Investing LLC raised its position in Lemonade by 35,901.8% during the first quarter. GAMMA Investing LLC now owns 19,801 shares of the company's stock valued at $630,000 after acquiring an additional 19,746 shares in the last quarter. Northern Trust Corp raised its position in Lemonade by 23.7% during the fourth quarter. Northern Trust Corp now owns 562,502 shares of the company's stock valued at $20,633,000 after acquiring an additional 107,592 shares in the last quarter. Finally, Halter Ferguson Financial Inc. raised its position in Lemonade by 62.8% during the first quarter. Halter Ferguson Financial Inc. now owns 476,764 shares of the company's stock valued at $14,985,000 after acquiring an additional 183,974 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Lemonade Price Performance

NYSE:LMND traded up $2.32 during trading hours on Monday, reaching $59.69. 2,791,060 shares of the stock were exchanged, compared to its average volume of 3,362,349. Lemonade, Inc. has a twelve month low of $15.27 and a twelve month high of $60.41. The stock has a market cap of $4.41 billion, a PE ratio of -21.09 and a beta of 2.19. The firm has a 50 day moving average of $43.47 and a 200 day moving average of $36.30.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings results 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 return on equity of 36.12% and a negative net margin of 33.96%. The business had revenue of $164.10 million for the quarter, compared to analysts' expectations of $160.88 million. During the same quarter in the prior year, the business earned ($0.81) EPS. The firm's revenue for the quarter was up 34.5% on a year-over-year basis. Equities research analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on LMND. BMO Capital Markets lifted their price target on shares of Lemonade from $23.00 to $42.00 and gave the company an "underperform" rating in a research report on Monday. Morgan Stanley restated an "underweight" rating on shares of Lemonade in a research note on Monday. Piper Sandler reaffirmed a "neutral" rating and issued a $55.00 price target on shares of Lemonade in a report on Thursday. Cantor Fitzgerald raised Lemonade to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods restated an "underperform" rating and set a $26.00 target price (up from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. Four research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lemonade currently has an average rating of "Hold" and a consensus target price of $40.43.

Insiders Place Their Bets

In related news, insider John Sheldon Peters sold 6,543 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 $294,435.00. Following the sale, the insider directly owned 106,115 shares of the company's stock, valued at $4,775,175. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Adina Eckstein sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. Following the completion of the sale, the chief operating officer directly owned 189,653 shares in the company, valued at $9,292,997. This trade represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,289 shares of company stock worth $825,982. Insiders own 12.50% of the company's stock.

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.