Lemonade, Inc. $LMND Stock Holdings Increased by DNB Asset Management AS

DNB Asset Management AS increased its holdings in Lemonade, Inc. (NYSE:LMND) by 88.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,718 shares of the company’s stock after purchasing an additional 45,430 shares during the quarter. DNB Asset Management AS’s holdings in Lemonade were worth $6,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Halter Ferguson Financial Inc. raised its holdings 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 in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Lemonade in the 4th quarter worth approximately $1,537,000. Meridian Wealth Management LLC bought a new stake in shares of Lemonade in the 4th quarter worth approximately $226,000. Swiss Life Asset Management Ltd bought a new stake in shares of Lemonade in the 4th quarter worth approximately $215,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Lemonade in the 4th quarter worth approximately $153,000. 80.30% of the stock is currently owned by institutional investors.

Lemonade Stock Performance

Shares of LMND opened at $54.48 on Tuesday. The company’s 50 day moving average price is $60.25 and its 200 day moving average price is $68.74. Lemonade, Inc. has a 52 week low of $28.71 and a 52 week high of $99.90. The company has a market capitalization of $4.18 billion, a PE ratio of -29.13 and a beta of 1.85.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.11. The firm had revenue of $258.00 million for the quarter, compared to the consensus estimate of $251.51 million. Lemonade had a negative net margin of 16.44% and a negative return on equity of 26.52%. The firm’s revenue was up 70.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.86) earnings per share. On average, equities analysts forecast that Lemonade, Inc. will post -1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on LMND shares. Truist Financial dropped their target price on shares of Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their target price on shares of Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 24th. Citizens Jmp dropped their target price on shares of Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 30th. Wolfe Research set a $44.00 target price on shares of Lemonade in a research report on Tuesday, February 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.25.

Insider Transactions at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 3,571 shares of Lemonade stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $52.50, for a total value of $187,477.50. Following the completion of the sale, the insider directly owned 76,729 shares in the company, valued at $4,028,272.50. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 5,567 shares of company stock valued at $287,517 in the last ninety days. 12.50% of the stock is owned by insiders.

About Lemonade

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.