Raymond James Financial Inc. purchased a new position in Lemonade, Inc. (NYSE:LMND - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,974 shares of the company's stock, valued at approximately $1,613,000. Raymond James Financial Inc. owned approximately 0.06% of Lemonade at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in Lemonade in the 3rd quarter worth approximately $264,000. FMR LLC increased its holdings in shares of Lemonade by 93.0% in the third quarter. FMR LLC now owns 318,321 shares of the company's stock valued at $5,249,000 after purchasing an additional 153,362 shares during the last quarter. Verition Fund Management LLC purchased a new position in Lemonade during the third quarter worth approximately $1,571,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Lemonade by 321.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company's stock worth $74,000 after buying an additional 3,403 shares during the last quarter. Finally, State Street Corp grew 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 valued at $20,343,000 after buying an additional 14,028 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Separately, 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. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $31.00.

View Our Latest Research Report on Lemonade

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

LMND stock opened at $31.61 on Wednesday. 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 $2.30 billion, a price-to-earnings ratio of -10.40 and a beta of 2.12. The business has a fifty day moving average of $34.50 and a two-hundred day moving average of $32.14.

Lemonade (NYSE:LMND - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $148.80 million during 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 EPS for the current 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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