39,549 Shares in Lemonade, Inc. $LMND Bought by Blue Jean Financial LLC

Blue Jean Financial LLC acquired a new position in shares of Lemonade, Inc. (NYSE:LMND) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 39,549 shares of the company’s stock, valued at approximately $2,815,000. Lemonade makes up about 2.3% of Blue Jean Financial LLC’s portfolio, making the stock its 7th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. grew its stake in Lemonade by 3.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,671 shares of the company’s stock worth $261,000 after buying an additional 121 shares during the last quarter. Watershed Private Wealth LLC grew its stake in shares of Lemonade by 1.7% in the fourth quarter. Watershed Private Wealth LLC now owns 8,310 shares of the company’s stock worth $592,000 after purchasing an additional 140 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Lemonade by 2.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,431 shares of the company’s stock worth $600,000 after purchasing an additional 219 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Lemonade by 7.2% in the fourth quarter. GAMMA Investing LLC now owns 3,529 shares of the company’s stock worth $251,000 after purchasing an additional 236 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Lemonade by 0.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 32,431 shares of the company’s stock worth $2,308,000 after purchasing an additional 259 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lemonade

In other news, insider Maya Prosor sold 1,220 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $64,867.40. Following the completion of the sale, the insider directly owned 187,573 shares of the company’s stock, valued at $9,973,256.41. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Sheldon Peters sold 3,608 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $52.94, for a total value of $191,007.52. Following the sale, the insider directly owned 81,386 shares of the company’s stock, valued at approximately $4,308,574.84. This represents a 4.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 6,563 shares of company stock valued at $348,125. 14.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LMND. Wolfe Research set a $44.00 price objective on Lemonade in a report on Tuesday, February 24th. Piper Sandler cut their price objective on Lemonade from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Truist Financial cut their price objective on Lemonade from $98.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Cantor Fitzgerald restated an “overweight” rating on shares of Lemonade in a report on Tuesday, May 26th. Finally, UBS Group set a $75.00 price objective on Lemonade in a report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.89.

Lemonade Stock Up 0.4%

Shares of Lemonade stock opened at $57.42 on Friday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of -30.71 and a beta of 1.83. The business has a fifty day simple moving average of $58.38 and a 200-day simple moving average of $66.96. Lemonade, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $99.90.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.11. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $251.51 million. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The company’s revenue was up 70.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.86) earnings per share. Analysts anticipate that Lemonade, Inc. will post -1.68 earnings per share for the current fiscal year.

Lemonade Company Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.