US Bancorp DE Raises Stock Holdings in Lemonade, Inc. (NYSE:LMND)

US Bancorp DE boosted its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 574.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,875 shares of the company’s stock after purchasing an additional 1,597 shares during the quarter. US Bancorp DE’s holdings in Lemonade were worth $69,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LMND. Illumine Investment Management LLC acquired a new stake in Lemonade in the fourth quarter valued at $1,111,000. Oppenheimer & Co. Inc. bought a new stake in shares of Lemonade in the 4th quarter worth about $640,000. Bank of New York Mellon Corp increased its position in shares of Lemonade by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $5,545,000 after purchasing an additional 442 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Lemonade in the 4th quarter valued at about $67,000. Finally, New York State Common Retirement Fund lifted its position in shares of Lemonade by 41.3% during the fourth quarter. New York State Common Retirement Fund now owns 18,128 shares of the company’s stock worth $665,000 after purchasing an additional 5,300 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday, November 21st. JMP Securities boosted their price target on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Piper Sandler reduced their price objective on Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $23.00 to $42.00 in a report on Wednesday, November 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.00.

Lemonade Trading Up 6.3 %

NYSE:LMND opened at $37.17 on Tuesday. The firm has a market capitalization of $2.71 billion, a PE ratio of -12.23 and a beta of 2.12. Lemonade, Inc. has a 52 week low of $14.03 and a 52 week high of $53.85. The stock has a 50 day moving average of $34.23 and a 200-day moving average of $30.91.

Lemonade (NYSE:LMND) last issued its earnings results on Tuesday, February 25th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.19. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The firm had revenue of $148.80 million for the quarter, compared to analyst estimates of $144.78 million. As a group, analysts predict that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Insider Activity at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of Lemonade stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total transaction of $64,167.21. Following the sale, the insider now owns 87,609 shares of the company’s stock, valued at $2,960,308.11. The trade was a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Softbank Group Capital Ltd sold 7,067 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $43.02, for a total value of $304,022.34. Following the completion of the transaction, the insider now directly owns 10,699,211 shares of the company’s stock, valued at approximately $460,280,057.22. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,951 shares of company stock worth $1,489,040 in the last ninety days. 12.50% of the stock is owned by insiders.

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.