Trexquant Investment LP Has $11.94 Million Holdings in Lemonade, Inc. (NYSE:LMND)

Trexquant Investment LP trimmed its stake in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,514 shares of the company's stock after selling 82,003 shares during the period. Trexquant Investment LP owned about 0.46% of Lemonade worth $11,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LMND. FMR LLC lifted its holdings in shares of Lemonade by 93.0% in the third quarter. FMR LLC now owns 318,321 shares of the company's stock valued at $5,249,000 after purchasing an additional 153,362 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Lemonade in the third quarter worth approximately $1,571,000. Strategic Financial Concepts LLC acquired a new stake in shares of Lemonade during the fourth quarter worth approximately $2,712,000. Barclays PLC boosted its holdings in shares of Lemonade by 292.5% during the third quarter. Barclays PLC now owns 87,414 shares of the company's stock worth $1,443,000 after purchasing an additional 65,144 shares during the period. Finally, Mandatum Life Insurance Co Ltd purchased a new position in Lemonade during the fourth quarter valued at approximately $378,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Insider Activity at Lemonade

In other news, major shareholder Softbank Group Capital Ltd sold 204,575 shares of Lemonade stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $37.08, for a total value of $7,585,641.00. Following the transaction, the insider now directly owns 10,494,636 shares in the company, valued at approximately $389,141,102.88. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Sheldon Peters sold 1,899 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the transaction, the insider now directly owns 87,609 shares of the company's stock, valued at $2,960,308.11. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 248,634 shares of company stock valued at $9,219,003. Corporate insiders own 12.50% of the company's stock.

Analysts Set New Price Targets

Separately, 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. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Lemonade presently has an average rating of "Hold" and an average target price of $31.00.

Lemonade Price Performance

NYSE:LMND traded up $0.25 during mid-day trading on Monday, reaching $28.42. The stock had a trading volume of 1,488,915 shares, compared to its average volume of 1,902,413. The stock has a market cap of $2.07 billion, a P/E ratio of -9.32 and a beta of 2.13. The business's 50 day moving average is $34.36 and its 200 day moving average is $32.39. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $53.85.

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, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $144.78 million. Equities analysts expect that Lemonade, Inc. will post -3.03 EPS 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.