Marshall Wace LLP Acquires New Position in Lemonade, Inc. (NYSE:LMND)

Marshall Wace LLP bought a new position in Lemonade, Inc. (NYSE:LMND) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 859,464 shares of the company’s stock, valued at approximately $14,181,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LMND. Mirae Asset Global Investments Co. Ltd. raised its holdings in Lemonade by 8.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,938 shares of the company’s stock worth $1,853,000 after acquiring an additional 9,107 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Lemonade in the 1st quarter worth $477,000. Trexquant Investment LP purchased a new position in shares of Lemonade in the fourth quarter worth $272,000. Tidal Investments LLC bought a new position in shares of Lemonade during the first quarter valued at $718,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Lemonade by 18.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,226 shares of the company’s stock valued at $283,000 after buying an additional 2,710 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at Lemonade

In other Lemonade news, CFO Timothy E. Bixby sold 2,050 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $18.24, for a total value of $37,392.00. Following the transaction, the chief financial officer now directly owns 271,552 shares in the company, valued at $4,953,108.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.50% of the stock is owned by corporate insiders.

Lemonade Trading Down 0.6 %

Shares of LMND stock opened at $16.94 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of -5.41 and a beta of 1.78. Lemonade, Inc. has a 12-month low of $10.27 and a 12-month high of $24.55. The firm’s 50 day moving average is $18.17 and its 200 day moving average is $17.40.

Lemonade (NYSE:LMND) last announced its earnings results on Tuesday, July 30th. The company reported ($0.81) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.88) by $0.07. Lemonade had a negative return on equity of 30.34% and a negative net margin of 44.24%. The business had revenue of $122.00 million for the quarter, compared to analysts’ expectations of $121.77 million. During the same period last year, the firm posted ($0.97) earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities analysts predict that Lemonade, Inc. will post -3.03 earnings per share for the current year.

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.