Blueshift Asset Management LLC Has $476,000 Stock Position in Lemonade, Inc. (NYSE:LMND)

Blueshift Asset Management LLC reduced its position in Lemonade, Inc. (NYSE:LMND) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,841 shares of the company’s stock after selling 2,806 shares during the period. Blueshift Asset Management LLC’s holdings in Lemonade were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Axiom Advisory LLC increased its holdings in Lemonade by 1.6% in the third quarter. Axiom Advisory LLC now owns 54,400 shares of the company’s stock worth $897,000 after buying an additional 850 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock worth $45,000 after purchasing an additional 1,879 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Lemonade by 12.1% during the 2nd quarter. Van ECK Associates Corp now owns 17,774 shares of the company’s stock valued at $293,000 after purchasing an additional 1,915 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Lemonade by 9.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,609 shares of the company’s stock valued at $404,000 after purchasing an additional 2,196 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Lemonade by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 29,194 shares of the company’s stock worth $482,000 after purchasing an additional 2,582 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lemonade

In other Lemonade news, COO Adina Eckstein sold 23,644 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.00, for a total value of $1,182,200.00. Following the sale, the chief operating officer now owns 189,653 shares of the company’s stock, valued at $9,482,650. The trade was a 11.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Timothy E. Bixby sold 2,050 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total transaction of $37,392.00. Following the transaction, the chief financial officer now directly owns 271,552 shares of the company’s stock, valued at $4,953,108.48. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,892 shares of company stock valued at $5,283,045 in the last quarter. Corporate insiders own 12.50% of the company’s stock.

Lemonade Trading Down 1.5 %

Shares of LMND stock opened at $49.16 on Thursday. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85. The firm’s fifty day simple moving average is $24.89 and its 200 day simple moving average is $20.22. The firm has a market capitalization of $3.51 billion, a P/E ratio of -16.17 and a beta of 1.68.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, beating 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 business had revenue of $136.60 million during the quarter, compared to analyst estimates of $129.10 million. During the same quarter in the prior year, the business earned ($0.88) earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities research analysts anticipate that Lemonade, Inc. will post -3.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on LMND. Morgan Stanley upgraded Lemonade from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $23.00 to $42.00 in a report on Wednesday, November 20th. JMP Securities upped their target price on Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group lowered their price target on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, October 9th. Keefe, Bruyette & Woods cut shares of Lemonade from a “market perform” rating to an “underperform” rating and boosted their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, November 7th. Finally, BMO Capital Markets raised their target price on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Lemonade has an average rating of “Hold” and an average target price of $30.43.

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.