Union Bancaire Privee UBP SA Purchases New Shares in Lemonade, Inc. (NYSE:LMND)

Union Bancaire Privee UBP SA bought a new position in Lemonade, Inc. (NYSE:LMND) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,745 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in Lemonade during the fourth quarter valued at approximately $40,000. Blue Trust Inc. boosted its stake in Lemonade by 220.0% during the third quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock worth $45,000 after buying an additional 1,879 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Lemonade by 321.3% in the third 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 during the period. Quest Partners LLC lifted its holdings in shares of Lemonade by 1,647.6% in the 3rd quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock worth $150,000 after acquiring an additional 8,584 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in shares of Lemonade during the 3rd quarter worth about $218,000. Institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LMND. JMP Securities boosted their target price on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd. Keefe, Bruyette & Woods cut shares of Lemonade from a “market perform” rating to an “underperform” rating and upped their price target for the stock from $18.00 to $21.00 in a report on Thursday, November 7th. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $23.00 to $42.00 in a research report on Wednesday, November 20th. Piper Sandler lifted their price target on shares of Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group dropped their price objective on Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.67.

Insider Activity

In other Lemonade news, major shareholder Softbank Group Capital Ltd sold 719,815 shares of Lemonade stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $44.29, for a total transaction of $31,880,606.35. Following the completion of the sale, the insider now owns 11,263,569 shares of the company’s stock, valued at approximately $498,863,471.01. The trade was a 6.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Adina Eckstein sold 23,644 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.00, for a total value of $945,760.00. Following the completion of the transaction, the chief operating officer now owns 189,653 shares of the company’s stock, valued at approximately $7,586,120. The trade was a 11.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 900,499 shares of company stock worth $39,114,376 over the last 90 days. 12.50% of the stock is currently owned by corporate insiders.

Lemonade Stock Performance

LMND stock opened at $33.41 on Thursday. The firm has a 50-day simple moving average of $39.96 and a two-hundred day simple moving average of $27.07. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -10.99 and a beta of 2.17.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. The business had revenue of $136.60 million for the quarter, compared to the consensus estimate of $129.10 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.88) earnings per share. As a group, equities analysts predict that Lemonade, Inc. will post -3.06 earnings per share for the current fiscal 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.