11,000 Shares in Lemonade, Inc. (NYSE:LMND) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of Lemonade, Inc. (NYSE:LMND) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,000 shares of the company’s stock, valued at approximately $403,000.

Several other institutional investors have also recently made changes to their positions in LMND. Avior Wealth Management LLC purchased a new stake in Lemonade in the fourth quarter worth $40,000. PNC Financial Services Group Inc. grew its position in shares of Lemonade by 116.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company’s stock worth $59,000 after buying an additional 860 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Lemonade in the 4th quarter worth about $67,000. US Bancorp DE lifted its position in Lemonade by 574.5% during the 4th quarter. US Bancorp DE now owns 1,875 shares of the company’s stock valued at $69,000 after acquiring an additional 1,597 shares during the period. Finally, KBC Group NV purchased a new position in Lemonade during the 4th quarter valued at about $80,000. Institutional investors own 80.30% of the company’s stock.

Lemonade Stock Down 6.0 %

NYSE:LMND opened at $28.19 on Friday. Lemonade, Inc. has a 52 week low of $14.03 and a 52 week high of $53.85. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -9.27 and a beta of 2.13. The company’s 50 day moving average price is $34.36 and its 200-day moving average price is $32.19.

Lemonade (NYSE:LMND) last issued its earnings results on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.19. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The business had revenue of $148.80 million for the quarter, compared to the consensus estimate of $144.78 million. As a group, sell-side analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $37.22, for a total value of $1,569,195.20. Following the transaction, the insider now directly owns 10,452,476 shares in the company, valued at $389,041,156.72. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John Sheldon Peters sold 1,899 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total value of $64,167.21. Following the sale, the insider now owns 87,609 shares of the company’s stock, valued at approximately $2,960,308.11. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 248,634 shares of company stock valued at $9,219,003. 12.50% of the stock is owned by insiders.

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.