Liontrust Investment Partners LLP Decreases Position in Lemonade, Inc. $LMND

Liontrust Investment Partners LLP lessened its stake in Lemonade, Inc. (NYSE:LMND) by 37.0% during the first quarter, HoldingsChannel reports. The firm owned 59,165 shares of the company’s stock after selling 34,689 shares during the period. Liontrust Investment Partners LLP’s holdings in Lemonade were worth $3,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of LMND. Caitong International Asset Management Co. Ltd grew its holdings in Lemonade by 8,080.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock valued at $29,000 after purchasing an additional 404 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Lemonade in the fourth quarter valued at $33,000. Torren Management LLC bought a new stake in shares of Lemonade in the fourth quarter valued at $35,000. Strive Financial Group LLC bought a new stake in shares of Lemonade in the fourth quarter valued at $38,000. Finally, State of Wyoming purchased a new position in shares of Lemonade during the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at Lemonade

In related news, insider Maya Prosor sold 1,220 shares of Lemonade stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $64,867.40. Following the completion of the sale, the insider owned 187,573 shares of the company’s stock, valued at approximately $9,973,256.41. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Lemonade stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $52.94, for a total value of $191,007.52. Following the sale, the insider directly owned 81,386 shares of the company’s stock, valued at $4,308,574.84. This represents a 4.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders sold 10,007 shares of company stock worth $620,201. Insiders own 12.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LMND shares. Piper Sandler decreased their price objective on Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday. TD Cowen reaffirmed a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Morgan Stanley reiterated an “equal weight” rating and set a $75.00 target price on shares of Lemonade in a research report on Wednesday, July 8th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Lemonade in a research note on Tuesday, May 26th. Finally, Citizens Jmp lowered their price target 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. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.11.

Lemonade Trading Down 0.5%

Shares of NYSE:LMND opened at $48.32 on Friday. The company has a 50 day moving average of $61.08 and a 200 day moving average of $63.54. The stock has a market cap of $3.71 billion, a P/E ratio of -26.41 and a beta of 1.79. Lemonade, Inc. has a 12 month low of $35.70 and a 12 month high of $99.90.

Lemonade (NYSE:LMND) last posted its earnings results on Wednesday, July 29th. The company reported ($0.56) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.56). Lemonade had a negative net margin of 14.19% and a negative return on equity of 26.48%. The business had revenue of $294.40 million for the quarter, compared to analysts’ expectations of $291.01 million. During the same period in the prior year, the company posted ($0.60) EPS. The business’s revenue for the quarter was up 79.4% compared to the same quarter last year. On average, equities analysts forecast that Lemonade, Inc. will post -1.7 earnings per share for the current fiscal year.

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.