Lemonade, Inc. (NYSE:LMND) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its stake in Lemonade, Inc. (NYSE:LMND) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,000 shares of the company’s stock after selling 1,000 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Lemonade were worth $37,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Lemonade by 6.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,870 shares of the company’s stock worth $215,000 after purchasing an additional 375 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Lemonade by 8.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,463 shares of the company’s stock worth $200,000 after purchasing an additional 423 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Lemonade by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $5,545,000 after purchasing an additional 442 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Lemonade by 4.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company’s stock worth $390,000 after purchasing an additional 500 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Lemonade by 116.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company’s stock worth $59,000 after purchasing an additional 860 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $389,041,156.72. The trade was a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Sheldon Peters sold 1,899 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total transaction of $64,167.21. Following the completion of the transaction, the insider now owns 87,609 shares of the company’s stock, valued at approximately $2,960,308.11. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 248,634 shares of company stock worth $9,219,003. 12.50% of the stock is currently owned by company insiders.

Lemonade Price Performance

Shares of Lemonade stock opened at $29.50 on Tuesday. The business has a 50-day moving average of $31.69 and a 200 day moving average of $33.61. Lemonade, Inc. has a 12 month low of $14.03 and a 12 month high of $53.85. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -9.70 and a beta of 2.13.

Lemonade (NYSE:LMND) last announced its earnings results on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.19. The company had revenue of $148.80 million during the quarter, compared to analysts’ expectations of $144.78 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. Equities research analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Lemonade Company 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.