Lemonade, Inc. (NYSE:LMND) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,140 shares of the company’s stock after selling 3,884 shares during the period. Nisa Investment Advisors LLC’s holdings in Lemonade were worth $164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MetLife Investment Management LLC acquired a new position in shares of Lemonade during the first quarter worth approximately $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Lemonade during the fourth quarter worth approximately $30,000. Tyler Stone Wealth Management acquired a new position in shares of Lemonade during the second quarter worth approximately $34,000. Captrust Financial Advisors boosted its position in shares of Lemonade by 91.7% during the second quarter. Captrust Financial Advisors now owns 1,909 shares of the company’s stock worth $35,000 after buying an additional 913 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in Lemonade in the second quarter worth approximately $45,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMND has been the subject of a number of research analyst reports. Piper Sandler restated a “neutral” rating and issued a $17.00 target price on shares of Lemonade in a research report on Thursday, February 29th. Morgan Stanley upped their target price on Lemonade from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 28th. TD Cowen initiated coverage on Lemonade in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $17.00 target price for the company. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Lemonade in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods upped their price target on Lemonade from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Lemonade presently has a consensus rating of “Hold” and a consensus price target of $17.11.

Insider Buying and Selling

In other Lemonade news, CFO Timothy E. Bixby acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $16.54 per share, for a total transaction of $165,400.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $165,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is currently owned by corporate insiders.

Lemonade Stock Up 0.9 %

Lemonade stock opened at $15.87 on Friday. The company’s fifty day simple moving average is $16.84 and its 200-day simple moving average is $16.04. Lemonade, Inc. has a 12 month low of $10.27 and a 12 month high of $24.81. The stock has a market cap of $1.11 billion, a P/E ratio of -4.65 and a beta of 1.89.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.79) by $0.18. Lemonade had a negative net margin of 55.12% and a negative return on equity of 31.29%. The business had revenue of $115.50 million for the quarter, compared to analysts’ expectations of $111.71 million. During the same period in the previous year, the company posted ($0.93) EPS. Lemonade’s revenue was up 30.7% on a year-over-year basis. On average, equities research analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

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.