Halter Ferguson Financial Inc. Sells 175,560 Shares of Lemonade, Inc. $LMND

Halter Ferguson Financial Inc. lessened its position in shares of Lemonade, Inc. (NYSE:LMND) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 830,255 shares of the company’s stock after selling 175,560 shares during the quarter. Lemonade makes up 6.5% of Halter Ferguson Financial Inc.’s holdings, making the stock its 6th biggest position. Halter Ferguson Financial Inc.’s holdings in Lemonade were worth $37,478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rare Wolf Capital LLC boosted its stake in shares of Lemonade by 2.9% during the 3rd quarter. Rare Wolf Capital LLC now owns 14,441 shares of the company’s stock worth $652,000 after acquiring an additional 408 shares in the last quarter. Parisi Gray Wealth Management grew its position in shares of Lemonade by 85.5% during the 3rd quarter. Parisi Gray Wealth Management now owns 9,253 shares of the company’s stock valued at $418,000 after acquiring an additional 4,265 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of Lemonade during the 3rd quarter valued at about $523,000. Triumph Capital Management increased its stake in shares of Lemonade by 28.0% in the 3rd quarter. Triumph Capital Management now owns 3,118 shares of the company’s stock valued at $141,000 after purchasing an additional 682 shares in the last quarter. Finally, Fermata Advisors LLC increased its stake in shares of Lemonade by 6.4% in the 3rd quarter. Fermata Advisors LLC now owns 7,200 shares of the company’s stock valued at $325,000 after purchasing an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Lemonade Stock Down 0.3%

LMND opened at $45.26 on Thursday. The firm’s fifty day simple moving average is $48.76 and its two-hundred day simple moving average is $55.88. Lemonade, Inc. has a 52-week low of $42.70 and a 52-week high of $99.90. The company has a market cap of $3.50 billion, a price-to-earnings ratio of -24.73 and a beta of 1.87.

Lemonade (NYSE:LMND) last released its earnings results on Tuesday, July 28th. The company reported ($0.56) EPS for the quarter, hitting analysts’ consensus estimates of ($0.56). The business had revenue of $294.40 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned ($0.60) earnings per share. On average, research analysts forecast that Lemonade, Inc. will post -1.83 EPS for the current year.

Insider Transactions at Lemonade

In other Lemonade news, insider Maya Prosor sold 1,040 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $54.63, for a total transaction of $56,815.20. Following the completion of the sale, the insider directly owned 186,533 shares in the company, valued at approximately $10,190,297.79. The trade was a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Peters sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $52.55, for a total value of $578,050.00. Following the sale, the insider owned 76,942 shares of the company’s stock, valued at approximately $4,043,302.10. This trade represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,148 shares of company stock worth $804,250 over the last ninety days. 12.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley reduced their price target on Lemonade from $56.00 to $48.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Piper Sandler dropped their price objective on Lemonade from $75.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Wall Street Zen raised Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a research report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods raised Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 target price for the company in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.50.

About Lemonade

Lemonade, Inc is a technology-driven insurance company that offers insurance products through digital platforms, including its mobile application and website. The company uses artificial intelligence, automation and data analytics to support policy purchasing, customer service and claims processing.

Lemonade’s product offerings include renters, homeowners, car, pet and term life insurance. Coverage and product availability vary by jurisdiction, and some policies are provided through regulated insurance subsidiaries or underwritten in partnership with other insurers.

Founded in 2015 by Daniel Schreiber and Shai Wininger, Lemonade serves customers in the United States and selected European markets, including Germany, the Netherlands, France and the United Kingdom.