Lemonade, Inc. (NYSE:LMND) Major Shareholder Softbank Group Capital Ltd Sells 7,067 Shares of Stock

Lemonade, Inc. (NYSE:LMND) major shareholder Softbank Group Capital Ltd sold 7,067 shares of Lemonade stock in a transaction dated 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 in the company, valued at $460,280,057.22. This represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Softbank Group Capital Ltd also recently made the following trade(s):

• On Monday, December 16th, Softbank Group Capital Ltd sold 719,815 shares of Lemonade stock. The shares were sold at an average price of $44.29, for a total transaction of $31,880,606.35.

Lemonade Stock Performance

Shares of LMND stock opened at $41.54 on Friday. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $53.85. The stock’s 50 day simple moving average is $34.10 and its 200 day simple moving average is $23.37. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -13.66 and a beta of 2.09.

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. On average, analysts forecast that Lemonade, Inc. will post -3.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LMND has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their target price on Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, October 9th. Keefe, Bruyette & Woods downgraded Lemonade from a “market perform” rating to an “underperform” rating and upped their target price for the company from $18.00 to $21.00 in a report on Thursday, November 7th. Piper Sandler increased their price target on shares of Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Morgan Stanley upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. Finally, BMO Capital Markets lifted 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Lemonade presently has a consensus rating of “Hold” and an average target price of $30.43.

Institutional Trading of Lemonade

A number of institutional investors and hedge funds have recently modified their holdings of LMND. Tidal Investments LLC boosted its stake in Lemonade by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 45,631 shares of the company’s stock valued at $752,000 after buying an additional 2,017 shares in the last quarter. Barclays PLC boosted its stake in shares of Lemonade by 292.5% in the 3rd quarter. Barclays PLC now owns 87,414 shares of the company’s stock valued at $1,443,000 after purchasing an additional 65,144 shares in the last quarter. Main Management ETF Advisors LLC bought a new stake in shares of Lemonade in the 3rd quarter worth about $614,000. State Street Corp lifted its holdings in Lemonade by 1.2% during the 3rd quarter. State Street Corp now owns 1,233,662 shares of the company’s stock valued at $20,343,000 after purchasing an additional 14,028 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in Lemonade by 321.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock valued at $74,000 after purchasing an additional 3,403 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

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.