Vanguard Group Inc. Has $196 Million Holdings in Lemonade, Inc. (NYSE:LMND)

Vanguard Group Inc. boosted its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,343,492 shares of the company’s stock after buying an additional 134,776 shares during the period. Vanguard Group Inc. owned about 0.07% of Lemonade worth $195,999,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Lemonade by 93.0% during the 3rd quarter. FMR LLC now owns 318,321 shares of the company’s stock worth $5,249,000 after acquiring an additional 153,362 shares in the last quarter. State Street Corp lifted its holdings in Lemonade by 1.2% in the 3rd quarter. State Street Corp now owns 1,233,662 shares of the company’s stock worth $20,343,000 after purchasing an additional 14,028 shares during the last quarter. Main Management ETF Advisors LLC bought a new stake in Lemonade during the third quarter worth approximately $614,000. Barclays PLC grew its holdings in Lemonade by 292.5% during the third 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 during the last quarter. Finally, Tidal Investments LLC raised its position in shares of Lemonade by 4.6% in the third quarter. Tidal Investments LLC now owns 45,631 shares of the company’s stock valued at $752,000 after purchasing an additional 2,017 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Lemonade Price Performance

Shares of Lemonade stock opened at $28.19 on Monday. The company has a market cap of $2.05 billion, a PE ratio of -9.27 and a beta of 2.13. The firm has a fifty day moving average price of $34.36 and a two-hundred day moving average price of $32.39. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $53.85.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.19. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The business had revenue of $148.80 million during the quarter, compared to analyst estimates of $144.78 million. Analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their target price on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Three equities 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 company’s stock. According to MarketBeat, Lemonade has a consensus rating of “Hold” and a consensus price target of $31.00.

Insider Buying and Selling at Lemonade

In other news, insider John Sheldon Peters sold 1,899 shares of Lemonade stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total transaction of $64,167.21. Following the sale, the insider now directly owns 87,609 shares in the company, valued at approximately $2,960,308.11. The trade was a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $37.22, for a total transaction of $1,569,195.20. Following the completion of the sale, the insider now directly owns 10,452,476 shares in the company, valued at approximately $389,041,156.72. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 248,634 shares of company stock valued at $9,219,003 in the last quarter. Corporate insiders own 12.50% of the company’s stock.

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.