Jump Financial LLC Takes $267,000 Position in Lemonade, Inc. (NYSE:LMND)

Jump Financial LLC bought a new position in Lemonade, Inc. (NYSE:LMND) during the fourth quarter, HoldingsChannel reports. The firm bought 7,284 shares of the company’s stock, valued at approximately $267,000.

Several other hedge funds have also bought and sold shares of the business. Avior Wealth Management LLC acquired a new position in Lemonade during the fourth quarter worth $40,000. Russell Investments Group Ltd. increased its position in shares of Lemonade by 318.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company’s stock worth $42,000 after acquiring an additional 867 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 acquiring an additional 860 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Lemonade in the 4th quarter valued at about $67,000. Finally, US Bancorp DE boosted its stake 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 purchasing an additional 1,597 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler lowered their price objective on Lemonade from $44.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley lowered Lemonade from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $35.00 to $24.00 in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Lemonade from $25.00 to $22.00 and set an “underperform” rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.17.

Lemonade Trading Up 0.5 %

LMND stock opened at $29.54 on Friday. The stock has a market cap of $2.15 billion, a P/E ratio of -9.72 and a beta of 2.13. The stock’s fifty day simple moving average is $31.83 and its two-hundred day simple moving average is $33.41. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.42) earnings per share for the quarter, topping 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 company had revenue of $148.80 million for the quarter, compared to the consensus estimate of $144.78 million. As a group, analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 1,899 shares of the company’s 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 of the company’s stock, valued at $2,960,308.11. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Softbank Group Capital Ltd sold 42,160 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $37.22, for a total transaction of $1,569,195.20. Following the transaction, the insider now owns 10,452,476 shares of the company’s stock, valued at $389,041,156.72. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 248,634 shares of company stock worth $9,219,003 over the last three months. 12.50% of the stock is currently owned by insiders.

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.