Lemonade, Inc. (NYSE:LMND) Holdings Raised by Psagot Value Holdings Ltd. Israel

Psagot Value Holdings Ltd. Israel grew its position in Lemonade, Inc. (NYSE:LMNDGet Rating) by 47.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,420 shares of the company’s stock after acquiring an additional 3,359 shares during the quarter. Psagot Value Holdings Ltd. Israel’s holdings in Lemonade were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in LMND. Raymond James & Associates increased its holdings in shares of Lemonade by 37.1% in the 4th quarter. Raymond James & Associates now owns 14,752 shares of the company’s stock valued at $621,000 after acquiring an additional 3,994 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Lemonade by 20.7% during the 4th quarter. Teacher Retirement System of Texas now owns 7,134 shares of the company’s stock worth $300,000 after buying an additional 1,224 shares during the last quarter. Citigroup Inc. grew its stake in Lemonade by 60.4% during the 4th quarter. Citigroup Inc. now owns 95,329 shares of the company’s stock worth $4,014,000 after buying an additional 35,902 shares during the last quarter. Rafferty Asset Management LLC grew its stake in Lemonade by 9.9% during the 4th quarter. Rafferty Asset Management LLC now owns 20,161 shares of the company’s stock worth $849,000 after buying an additional 1,816 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Lemonade by 31.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,480,432 shares of the company’s stock worth $104,451,000 after buying an additional 596,850 shares during the last quarter. 48.60% of the stock is currently owned by institutional investors.

Lemonade Stock Up 4.9 %

Shares of Lemonade stock opened at $25.50 on Friday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -5.63 and a beta of 1.60. The business has a fifty day simple moving average of $22.82 and a 200-day simple moving average of $22.19. Lemonade, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $79.54.

Lemonade (NYSE:LMNDGet Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported ($1.10) earnings per share for the quarter, beating the consensus estimate of ($1.35) by $0.25. The business had revenue of $50.00 million during the quarter, compared to analyst estimates of $47.56 million. Lemonade had a negative return on equity of 29.43% and a negative net margin of 163.39%. The company’s revenue was up 77.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. Analysts anticipate that Lemonade, Inc. will post -4.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LMND has been the subject of a number of recent research reports. Credit Suisse Group lowered their price objective on Lemonade to $14.00 in a research note on Friday, July 22nd. Barclays boosted their price target on Lemonade from $20.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 10th. Piper Sandler boosted their price target on Lemonade from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Finally, Oppenheimer boosted their price target on Lemonade from $30.00 to $35.00 in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lemonade currently has an average rating of “Hold” and a consensus price target of $31.29.

Lemonade Company Profile

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Lemonade, Inc provides various insurance products in the United States and Europe. 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. The company also offers renters, homeowners, pet, car, and life insurance products, as well as landlord insurance policies.

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Institutional Ownership by Quarter for Lemonade (NYSE:LMND)

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