Landscape Capital Management L.L.C. bought a new position in shares of Lemonade, Inc. (NYSE:LMND – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 78,783 shares of the company’s stock, valued at approximately $5,608,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMND. Caitong International Asset Management Co. Ltd raised its stake in Lemonade by 8,080.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after acquiring an additional 404 shares during the period. Strategic Advocates LLC bought a new stake in Lemonade during the 3rd quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in Lemonade during the 4th quarter worth approximately $33,000. Torren Management LLC bought a new stake in Lemonade during the 4th quarter worth approximately $35,000. Finally, NewEdge Advisors LLC bought a new stake in Lemonade during the 1st quarter worth approximately $35,000. Institutional investors own 80.30% of the company’s stock.
Insider Buying and Selling
In other Lemonade news, insider Maya Prosor sold 1,220 shares of the stock in a transaction that occurred 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 $9,973,256.41. This trade represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $52.94, for a total transaction 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 trade represents a 4.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders own 14.70% of the company’s stock.
Lemonade Price Performance
Lemonade (NYSE:LMND – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.11. Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $251.51 million. During the same period last year, the firm posted ($0.86) EPS. The company’s revenue was up 70.6% on a year-over-year basis. On average, sell-side analysts anticipate that Lemonade, Inc. will post -1.68 earnings per share for the current year.
Wall Street Analysts Forecast Growth
LMND has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 24th. UBS Group set a $75.00 target price on shares of Lemonade in a research note on Thursday, May 21st. TD Cowen restated a “hold” rating on shares of Lemonade in a research note on Monday, June 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research note on Tuesday, April 21st. Finally, Piper Sandler decreased their target price on shares of Lemonade from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.89.
View Our Latest Stock Report on Lemonade
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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