Foyston Gordon & Payne Inc bought a new position in shares of Lemonade, Inc. (NYSE:LMND – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 13,333 shares of the company’s stock, valued at approximately $867,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Lemonade by 52.1% in the first quarter. Bank of America Corp DE now owns 360,411 shares of the company’s stock valued at $22,591,000 after acquiring an additional 123,484 shares during the last quarter. Vanguard Group Inc. increased its position in Lemonade by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,305,453 shares of the company’s stock valued at $448,822,000 after purchasing an additional 26,312 shares during the period. Lido Advisors LLC bought a new position in Lemonade during the 1st quarter worth approximately $1,318,000. Clear Street Group Inc. bought a new position in Lemonade during the 4th quarter worth approximately $2,448,000. Finally, Halter Ferguson Financial Inc. lifted its position in shares of Lemonade by 4.3% in the 4th quarter. Halter Ferguson Financial Inc. now owns 600,863 shares of the company’s stock worth $42,769,000 after purchasing an additional 24,957 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.
Insider Buying and Selling at Lemonade
In other Lemonade news, insider John Sheldon Peters sold 11,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $52.55, for a total value of $578,050.00. Following the completion of the sale, the insider directly owned 76,942 shares in the company, valued at approximately $4,043,302.10. This trade represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Maya Prosor sold 1,220 shares of Lemonade stock in a transaction on Wednesday, June 3rd. The shares were 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 approximately $9,973,256.41. This trade represents a 0.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 21,007 shares of company stock worth $1,198,251. 12.20% of the stock is owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Lemonade
Lemonade Stock Performance
Shares of LMND opened at $53.29 on Friday. The firm has a market cap of $4.12 billion, a PE ratio of -29.12 and a beta of 1.84. Lemonade, Inc. has a 52-week low of $46.16 and a 52-week high of $99.90. The business’s 50 day moving average price is $60.00 and its two-hundred day moving average price is $60.00.
Lemonade (NYSE:LMND – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported ($0.56) EPS for the quarter, hitting the consensus estimate of ($0.56). The company had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. Lemonade had a negative net margin of 14.19% and a negative return on equity of 26.78%. The company’s quarterly revenue was up 79.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.60) EPS. Research analysts predict that Lemonade, Inc. will post -1.85 EPS for the current fiscal year.
Lemonade 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.
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