First Trust Advisors LP Grows Stock Holdings in Lemonade, Inc. (NYSE:LMND)

First Trust Advisors LP lifted its holdings in Lemonade, Inc. (NYSE:LMND - Free Report) by 220.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 184,348 shares of the company's stock after purchasing an additional 126,862 shares during the period. First Trust Advisors LP owned about 0.26% of Lemonade worth $6,762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of Lemonade by 6.8% in the fourth quarter. Jones Financial Companies Lllp now owns 5,870 shares of the company's stock valued at $215,000 after purchasing an additional 375 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Lemonade by 8.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,463 shares of the company's stock worth $200,000 after buying an additional 423 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Lemonade by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company's stock valued at $5,545,000 after acquiring an additional 442 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Lemonade by 4.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company's stock worth $390,000 after acquiring an additional 500 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Lemonade Trading Up 5.2 %

LMND stock traded up $1.49 during midday trading on Friday, hitting $30.00. 1,789,535 shares of the company's stock were exchanged, compared to its average volume of 1,905,894. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85. The stock has a market capitalization of $2.20 billion, a PE ratio of -9.87 and a beta of 2.13. The business has a 50-day simple moving average of $31.32 and a two-hundred day simple moving average of $33.81.

Lemonade (NYSE:LMND - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.19. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The firm had revenue of $148.80 million for the quarter, compared to analyst estimates of $144.78 million. As a group, research analysts expect that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

LMND has been the subject of a number of research reports. Piper Sandler dropped their target price on shares of Lemonade from $44.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Morgan Stanley downgraded shares of Lemonade from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $35.00 to $24.00 in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their target price on Lemonade from $25.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Lemonade has a consensus rating of "Hold" and an average target price of $28.17.

Insider Buying and Selling at Lemonade

In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 10,452,476 shares of the company's stock, valued at $389,041,156.72. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total value of $64,167.21. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 249,134 shares of company stock valued at $9,234,003 over the last quarter. 12.50% of the stock is owned by company insiders.

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.