Swiss National Bank Grows Stake in Lemonade, Inc. (NYSE:LMND)

Swiss National Bank grew its stake in shares of Lemonade, Inc. (NYSE:LMND) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,800 shares of the company’s stock after buying an additional 1,800 shares during the quarter. Swiss National Bank’s holdings in Lemonade were worth $3,844,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LMND. Avior Wealth Management LLC purchased a new position in shares of Lemonade in the fourth quarter worth about $40,000. PNC Financial Services Group Inc. increased its position in shares of Lemonade by 116.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company’s stock valued at $59,000 after buying an additional 860 shares during the period. Union Bancaire Privee UBP SA bought a new position in Lemonade in the fourth quarter worth about $67,000. US Bancorp DE lifted its holdings in Lemonade by 574.5% in the fourth quarter. US Bancorp DE now owns 1,875 shares of the company’s stock worth $69,000 after buying an additional 1,597 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position 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 acquiring an additional 3,403 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insider Activity at Lemonade

In other news, insider John Sheldon Peters sold 1,899 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the completion of the sale, the insider now directly owns 87,609 shares in the company, valued at $2,960,308.11. This represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 12.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Lemonade Trading Down 1.0 %

Shares of NYSE:LMND opened at $36.54 on Wednesday. The stock has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $31.62. Lemonade, Inc. has a 12-month low of $14.03 and a 12-month high of $53.85. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -12.02 and a beta of 2.12.

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. The business had revenue of $148.80 million for the quarter, compared to the consensus estimate of $144.78 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. As a group, equities research analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.

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.