Barclays PLC Acquires 65,144 Shares of Lemonade, Inc. (NYSE:LMND)

Barclays PLC boosted its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 292.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,414 shares of the company’s stock after buying an additional 65,144 shares during the quarter. Barclays PLC’s holdings in Lemonade were worth $1,443,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its position in Lemonade by 1.2% in the third quarter. State Street Corp now owns 1,233,662 shares of the company’s stock worth $20,343,000 after acquiring an additional 14,028 shares during the period. Marshall Wace LLP bought a new position in Lemonade in the 2nd quarter worth $14,181,000. Landscape Capital Management L.L.C. raised its holdings in Lemonade by 17.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock worth $5,308,000 after purchasing an additional 48,260 shares during the period. FMR LLC lifted its position in Lemonade by 93.0% during the third quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after purchasing an additional 153,362 shares in the last quarter. Finally, General Equity Holdings LP bought a new stake in Lemonade during the second quarter valued at about $5,198,000. 80.30% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Softbank Group Capital Ltd sold 719,815 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $44.29, for a total value of $31,880,606.35. Following the sale, the insider now owns 11,263,569 shares in the company, valued at approximately $498,863,471.01. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Adina Eckstein sold 23,644 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $40.00, for a total transaction of $945,760.00. Following the sale, the chief operating officer now directly owns 189,653 shares in the company, valued at approximately $7,586,120. The trade was a 11.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 871,514 shares of company stock worth $37,993,527 over the last 90 days. Corporate insiders own 12.50% of the company’s stock.

Lemonade Price Performance

Shares of LMND opened at $39.40 on Friday. The firm has a market cap of $2.81 billion, a P/E ratio of -12.96 and a beta of 2.09. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85. The company has a 50 day simple moving average of $36.36 and a two-hundred day simple moving average of $24.30.

Lemonade (NYSE:LMND) last issued its earnings results 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. The firm had revenue of $136.60 million during the quarter, compared to analyst estimates of $129.10 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. Lemonade’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.88) earnings per share. On average, sell-side analysts anticipate that Lemonade, Inc. will post -3.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LMND has been the topic of several recent research reports. Keefe, Bruyette & Woods downgraded Lemonade from a “market perform” rating to an “underperform” rating and raised their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, November 7th. JMP Securities raised their target price on shares of Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Friday, November 22nd. Piper Sandler lifted their price target on shares of Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Jefferies Financial Group reduced their price objective on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, October 9th. Finally, Morgan Stanley upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lemonade has an average rating of “Hold” and a consensus price target of $30.43.

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.