FORA Capital LLC Makes New Investment in Lemonade, Inc. (NYSE:LMND)

FORA Capital LLC acquired a new position in shares of Lemonade, Inc. (NYSE:LMND) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,934 shares of the company’s stock, valued at approximately $658,000.

Several other large investors also recently made changes to their positions in the stock. Barclays PLC grew its position in shares of Lemonade by 292.5% in the 3rd quarter. Barclays PLC now owns 87,414 shares of the company’s stock valued at $1,443,000 after acquiring an additional 65,144 shares during the period. Tidal Investments LLC lifted its stake in Lemonade by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 45,631 shares of the company’s stock valued at $752,000 after purchasing an additional 2,017 shares during the last quarter. Johnson & White Wealth Management LLC bought a new position in Lemonade during the fourth quarter worth about $234,000. Mandatum Life Insurance Co Ltd acquired a new position in Lemonade during the fourth quarter worth approximately $378,000. Finally, Nisa Investment Advisors LLC raised its stake in Lemonade by 4.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company’s stock valued at $390,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Stock Performance

LMND stock opened at $31.07 on Friday. Lemonade, Inc. has a 52 week low of $14.03 and a 52 week high of $53.85. The company’s 50-day simple moving average is $30.87 and its 200 day simple moving average is $34.11. The company has a market capitalization of $2.28 billion, a PE ratio of -10.22 and a beta of 2.13.

Lemonade (NYSE:LMND) last announced its 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 return on equity of 32.85% and a negative net margin of 43.51%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.67) EPS. On average, analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at Lemonade

In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 316,122 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $31.14, for a total transaction of $9,844,039.08. Following the completion of the transaction, the insider now directly owns 8,970,683 shares in the company, valued at $279,347,068.62. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Sheldon Peters sold 1,899 shares of the company’s 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 sale, the insider now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 1,385,648 shares of company stock valued at $43,869,091. 14.70% of the stock is owned by corporate 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.