6,420 Shares in Lemonade, Inc. (NYSE:LMND) Acquired by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC acquired a new position in Lemonade, Inc. (NYSE:LMND) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,420 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds have also added to or reduced their stakes in LMND. American Century Companies Inc. raised its stake in Lemonade by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 86,757 shares of the company’s stock valued at $1,431,000 after buying an additional 9,793 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lemonade by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,665 shares of the company’s stock valued at $1,067,000 after acquiring an additional 5,778 shares during the period. Seven Eight Capital LP bought a new stake in shares of Lemonade during the 2nd quarter valued at $269,000. General Equity Holdings LP bought a new stake in shares of Lemonade during the 2nd quarter valued at $5,198,000. Finally, Marshall Wace LLP bought a new stake in shares of Lemonade during the 2nd quarter valued at $14,181,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMND has been the subject of a number of recent research reports. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $23.00 to $42.00 in a research report on Wednesday, November 20th. Jefferies Financial Group dropped their target price on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, October 9th. Keefe, Bruyette & Woods downgraded shares of Lemonade from a “market perform” rating to an “underperform” rating and upped their target price for the stock from $18.00 to $21.00 in a report on Thursday, November 7th. JMP Securities upped their target price on shares of Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd. Finally, Piper Sandler upped their target price on shares of Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.67.

Insider Transactions at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 28,985 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $38.67, for a total value of $1,120,849.95. Following the completion of the sale, the insider now directly owns 69,508 shares in the company, valued at $2,687,874.36. This trade represents a 29.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Angelidis-Smith bought 18,512 shares of the stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $27.42 per share, with a total value of $507,599.04. Following the completion of the purchase, the director now owns 18,512 shares of the company’s stock, valued at $507,599.04. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 900,499 shares of company stock valued at $39,114,376. 12.50% of the stock is currently owned by company insiders.

Lemonade Trading Down 4.8 %

Shares of NYSE LMND opened at $30.76 on Tuesday. The firm’s 50-day moving average price is $39.81 and its 200-day moving average price is $25.89. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -10.12 and a beta of 2.17. Lemonade, Inc. has a 12-month low of $14.03 and a 12-month high of $53.85.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The company had revenue of $136.60 million for the quarter, compared to analyst estimates of $129.10 million. During the same period in the prior year, the company posted ($0.88) EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities analysts predict that Lemonade, Inc. will post -3.04 EPS for the current fiscal year.

About Lemonade

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.