Jefferies Financial Group Inc. Purchases New Position in Lemonade, Inc. (NYSE:LMND)

Jefferies Financial Group Inc. bought a new position in Lemonade, Inc. (NYSE:LMND - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 121,514 shares of the company's stock, valued at approximately $4,457,000. Jefferies Financial Group Inc. owned about 0.17% of Lemonade at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMND. Gotham Asset Management LLC purchased a new position in shares of Lemonade in the 4th quarter worth about $267,000. Ground Swell Capital LLC purchased a new stake in shares of Lemonade during the 4th quarter worth approximately $249,000. FORA Capital LLC purchased a new stake in shares of Lemonade during the 4th quarter worth approximately $658,000. Circle Wealth Management LLC purchased a new stake in shares of Lemonade during the 4th quarter worth approximately $219,000. Finally, Deutsche Bank AG increased its stake in shares of Lemonade by 492.6% during the 4th quarter. Deutsche Bank AG now owns 182,081 shares of the company's stock worth $6,679,000 after purchasing an additional 151,357 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Insider Transactions at Lemonade

In other Lemonade 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 500,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $32.25, for a total transaction of $16,125,000.00. Following the completion of the sale, the insider now directly owns 7,498,723 shares of the company's stock, valued at $241,833,816.75. This represents a 6.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,744,890 shares of company stock valued at $87,413,986. Insiders own 12.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

Lemonade Price Performance

NYSE:LMND traded up $1.26 during trading hours on Friday, hitting $32.55. The stock had a trading volume of 1,431,231 shares, compared to its average volume of 1,917,279. The company has a 50 day simple moving average of $30.61 and a two-hundred day simple moving average of $34.47. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of -10.71 and a beta of 2.13.

Lemonade (NYSE:LMND - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.86) EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned ($0.67) earnings per share. The company's revenue for the quarter was up 27.0% compared to the same quarter last year. Equities research analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current 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.