Norges Bank purchased a new position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,656 shares of the company's stock, valued at approximately $941,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC bought a new position in Lemonade in the 4th quarter worth about $40,000. PNC Financial Services Group Inc. boosted its stake 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 valued at $59,000 after purchasing an additional 860 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Lemonade during the fourth quarter valued at about $67,000. US Bancorp DE grew its position in Lemonade by 574.5% during the 4th quarter. US Bancorp DE now owns 1,875 shares of the company's stock worth $69,000 after acquiring an additional 1,597 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of Lemonade in the fourth quarter worth $80,000. Institutional investors own 80.30% of the company's stock.

A number of research analysts recently issued reports on LMND shares. Piper Sandler reduced their price target on Lemonade from $44.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Morgan Stanley cut shares of 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. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lemonade currently has a consensus rating of "Hold" and an average target price of $28.00.

Check Out Our Latest Stock Analysis on Lemonade

In other news, insider John Sheldon Peters sold 1,899 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the transaction, the insider now owns 87,609 shares of the company's stock, valued at $2,960,308.11. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Softbank Group Capital Ltd sold 204,575 shares of Lemonade stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $37.08, for a total transaction of $7,585,641.00. Following the transaction, the insider now directly owns 10,494,636 shares in the company, valued at $389,141,102.88. This represents a 1.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 248,634 shares of company stock valued at $9,219,003. Insiders own 12.50% of the company's stock.

Shares of NYSE LMND opened at $26.33 on Friday. The company has a 50 day moving average of $33.51 and a 200 day moving average of $32.65. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $53.85. The firm has a market cap of $1.92 billion, a P/E ratio of -8.66 and a beta of 2.13.

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

(Free Report)

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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lemonade, Inc. (NYSE:LMND - Free Report).

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