Halter Ferguson Financial Inc. Has $30.83 Million Position in Lemonade, Inc. $LMND

Halter Ferguson Financial Inc. boosted its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 101.3% during the 3rd quarter, Holdings Channel reports. The firm owned 575,906 shares of the company’s stock after buying an additional 289,803 shares during the period. Lemonade comprises about 7.0% of Halter Ferguson Financial Inc.’s portfolio, making the stock its 3rd biggest holding. Halter Ferguson Financial Inc.’s holdings in Lemonade were worth $30,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Analyst IMS Investment Management Services Ltd. boosted its position in shares of Lemonade by 80.7% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 571,768 shares of the company’s stock worth $25,049,000 after acquiring an additional 255,368 shares during the last quarter. Mandatum Life Insurance Co Ltd purchased a new position in shares of Lemonade during the second quarter valued at about $202,000. Bank of New York Mellon Corp raised its stake in shares of Lemonade by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 160,328 shares of the company’s stock valued at $7,024,000 after acquiring an additional 6,646 shares during the period. Titleist Asset Management LLC bought a new stake in shares of Lemonade in the 2nd quarter worth about $203,000. Finally, Jump Financial LLC boosted its stake in shares of Lemonade by 365.8% during the 2nd quarter. Jump Financial LLC now owns 581,378 shares of the company’s stock worth $25,470,000 after purchasing an additional 456,571 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LMND shares. Citigroup reissued a “market outperform” rating on shares of Lemonade in a research report on Monday, November 24th. Morgan Stanley set a $85.00 price objective on shares of Lemonade and gave the stock an “equal weight” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their target price on Lemonade from $35.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, November 25th. JMP Securities set a $80.00 price target on Lemonade in a report on Monday, November 24th. Finally, Citizens Jmp boosted their price target on Lemonade from $60.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.14.

Lemonade Stock Performance

Shares of LMND stock opened at $82.78 on Friday. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of -34.64 and a beta of 2.13. The stock’s 50-day simple moving average is $67.68 and its 200-day simple moving average is $54.43. Lemonade, Inc. has a fifty-two week low of $24.31 and a fifty-two week high of $85.20.

Lemonade (NYSE:LMND) last released its earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.21. The company had revenue of $194.50 million for the quarter, compared to the consensus estimate of $185.06 million. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. Lemonade’s revenue was up 42.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.95) EPS. As a group, equities analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Insider Buying and Selling

In other Lemonade news, insider John Sheldon Peters sold 18,930 shares of Lemonade stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $72.77, for a total transaction of $1,377,536.10. Following the completion of the sale, the insider owned 83,467 shares of the company’s stock, valued at approximately $6,073,893.59. The trade was a 18.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Debra Schwartz sold 4,200 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $83.59, for a total value of $351,078.00. Following the completion of the transaction, the director directly owned 21,567 shares in the company, valued at $1,802,785.53. This represents a 16.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 160,725 shares of company stock worth $12,264,465 in the last 90 days. Insiders own 14.70% of the company’s stock.

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.