GSA Capital Partners LLP Acquires 42,822 Shares of Lemonade, Inc. (NYSE:LMND)

GSA Capital Partners LLP boosted its position in Lemonade, Inc. (NYSE:LMND) by 31.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,916 shares of the company’s stock after buying an additional 42,822 shares during the period. GSA Capital Partners LLP’s holdings in Lemonade were worth $2,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bristlecone Advisors LLC bought a new stake in Lemonade in the 3rd quarter valued at about $218,000. International Assets Investment Management LLC increased its position in Lemonade by 1,549.0% in the 3rd quarter. International Assets Investment Management LLC now owns 19,673 shares of the company’s stock valued at $324,000 after buying an additional 18,480 shares in the last quarter. Blue Trust Inc. increased its position in Lemonade by 220.0% in the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after buying an additional 1,879 shares in the last quarter. Axiom Advisory LLC increased its position in Lemonade by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 54,400 shares of the company’s stock valued at $897,000 after buying an additional 850 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Lemonade in the 3rd quarter valued at about $308,000. 80.30% of the stock is owned by institutional investors.

Insider Transactions at Lemonade

In other news, CFO Timothy E. Bixby sold 2,050 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total value of $37,392.00. Following the transaction, the chief financial officer now owns 271,552 shares in the company, valued at $4,953,108.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.50% of the company’s stock.

Lemonade Stock Up 20.4 %

Shares of NYSE LMND opened at $34.24 on Tuesday. Lemonade, Inc. has a twelve month low of $13.72 and a twelve month high of $34.95. The stock’s 50 day moving average price is $19.26 and its 200-day moving average price is $18.19. The company has a market capitalization of $2.44 billion, a PE ratio of -11.26 and a beta of 1.68.

Lemonade (NYSE:LMND) last announced its earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The firm had revenue of $136.60 million for the quarter, compared to the consensus estimate of $129.10 million. During the same quarter in the previous year, the business earned ($0.88) EPS. The company’s revenue was up 19.3% compared to the same quarter last year. As a group, research analysts expect that Lemonade, Inc. will post -3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LMND shares. Jefferies Financial Group decreased their target price on Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a research report on Wednesday, October 9th. Piper Sandler boosted their price objective on Lemonade from $18.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lowered Lemonade from a “market perform” rating to an “underperform” rating and boosted their price objective for the stock from $18.00 to $21.00 in a report on Thursday, November 7th. Finally, JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Lemonade in a report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.83.

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.