Trust Investment Advisors Takes Position in Lemonade, Inc. (NYSE:LMND)

Trust Investment Advisors purchased a new position in Lemonade, Inc. (NYSE:LMND) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,426 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quest Partners LLC lifted its stake in Lemonade by 1,647.6% in the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock valued at $150,000 after buying an additional 8,584 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Lemonade by 99.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company’s stock valued at $903,000 after purchasing an additional 27,265 shares during the period. Intech Investment Management LLC bought a new position in Lemonade in the 3rd quarter worth about $264,000. FMR LLC grew its position in Lemonade by 93.0% in the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock worth $5,249,000 after purchasing an additional 153,362 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Lemonade in the third quarter valued at approximately $1,571,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Transactions at Lemonade

In related 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 transaction of $1,120,849.95. Following the completion of the sale, the insider now directly owns 69,508 shares in the company, valued at approximately $2,687,874.36. This trade represents a 29.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 12.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their price objective on Lemonade from $44.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.00.

Lemonade Trading Down 1.0 %

LMND stock opened at $36.54 on Wednesday. The firm’s 50-day moving average is $34.48 and its two-hundred day moving average is $31.62. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -12.02 and a beta of 2.12. Lemonade, Inc. has a 52 week low of $14.03 and a 52 week high of $53.85.

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

Lemonade 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.