Nia Impact Advisors LLC Acquires New Stake in Lemonade, Inc. (NYSE:LMND)

Nia Impact Advisors LLC acquired a new stake in Lemonade, Inc. (NYSE:LMND - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 44,930 shares of the company's stock, valued at approximately $1,648,000. Nia Impact Advisors LLC owned about 0.06% of Lemonade as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Lemonade by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,343,492 shares of the company's stock worth $195,999,000 after purchasing an additional 134,776 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Lemonade by 2,627.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,349,356 shares of the company's stock worth $49,494,000 after buying an additional 1,299,891 shares during the last quarter. Northern Trust Corp grew its position in shares of Lemonade by 23.7% during the 4th quarter. Northern Trust Corp now owns 562,502 shares of the company's stock worth $20,633,000 after buying an additional 107,592 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Lemonade by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,164 shares of the company's stock valued at $16,585,000 after acquiring an additional 3,867 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Lemonade by 402.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 275,161 shares of the company's stock valued at $10,093,000 after acquiring an additional 220,399 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

Lemonade Price Performance

Shares of NYSE LMND traded up $1.26 during mid-day trading on Friday, hitting $32.55. 1,431,231 shares of the stock traded hands, compared to its average volume of 1,921,373. The company has a market cap of $2.39 billion, a PE ratio of -10.71 and a beta of 2.13. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $53.85. The firm has a 50 day simple moving average of $30.57 and a two-hundred day simple moving average of $34.57.

Lemonade (NYSE:LMND - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.86) earnings per share 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 was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.67) earnings per share. On average, equities research analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LMND. Keefe, Bruyette & Woods cut their price objective on Lemonade from $25.00 to $22.00 and set an "underperform" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler reduced their price target 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. Finally, Morgan Stanley lowered shares of Lemonade from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $35.00 to $24.00 in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $28.17.

Insider Activity

In related news, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction on Tuesday, March 4th. The stock was 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 approximately $2,960,308.11. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $37.22, for a total transaction of $1,569,195.20. Following the completion of the sale, the insider now owns 10,452,476 shares of the company's stock, valued at approximately $389,041,156.72. This represents a 0.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,744,890 shares of company stock worth $87,413,986. Company insiders own 12.50% of the company's stock.

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.