Hillsdale Investment Management Inc. Buys Shares of 82,800 Lemonade, Inc. $LMND

Hillsdale Investment Management Inc. bought a new stake in Lemonade, Inc. (NYSE:LMND) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 82,800 shares of the company’s stock, valued at approximately $5,894,000.

Several other institutional investors have also recently bought and sold shares of LMND. Strategic Advocates LLC bought a new stake in Lemonade in the 3rd quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Lemonade during the 4th quarter worth approximately $33,000. Torren Management LLC bought a new stake in shares of Lemonade during the 4th quarter worth approximately $35,000. NewEdge Advisors LLC bought a new stake in shares of Lemonade during the 1st quarter worth approximately $35,000. Finally, Tsfg LLC bought a new stake in shares of Lemonade during the 3rd quarter worth approximately $54,000. Institutional investors own 80.30% of the company’s stock.

Lemonade Trading Down 0.2%

LMND stock opened at $57.93 on Friday. The firm has a market capitalization of $4.45 billion, a PE ratio of -30.98 and a beta of 1.85. Lemonade, Inc. has a 1-year low of $31.60 and a 1-year high of $99.90. The business’s 50 day simple moving average is $60.14 and its 200 day simple moving average is $68.14.

Lemonade (NYSE:LMND) last posted its earnings results on Wednesday, April 29th. The company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.11. The business had revenue of $258.00 million for 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 firm’s revenue was up 70.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.86) EPS. As a group, sell-side analysts predict that Lemonade, Inc. will post -1.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler dropped their price objective on Lemonade from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley dropped their price objective on Lemonade from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Citizens Jmp dropped their price objective on Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 30th. Keefe, Bruyette & Woods upped their price objective on Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Lemonade has a consensus rating of “Hold” and a consensus price target of $64.89.

Insider Buying and Selling at Lemonade

In related news, insider John Sheldon Peters sold 3,571 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $52.50, for a total transaction of $187,477.50. Following the transaction, the insider directly owned 76,729 shares of the company’s stock, valued at approximately $4,028,272.50. The trade was a 4.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 5,567 shares of company stock worth $287,517. 14.70% of the stock is currently owned by insiders.

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.