Swiss National Bank Has $1.66 Million Stock Position in Lemonade, Inc. (NYSE:LMND)

Swiss National Bank lessened its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,000 shares of the company’s stock after selling 11,500 shares during the period. Swiss National Bank owned 0.15% of Lemonade worth $1,661,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of LMND. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Lemonade during the third quarter worth $117,000. Bank of New York Mellon Corp lifted its holdings in shares of Lemonade by 9.2% during the third quarter. Bank of New York Mellon Corp now owns 228,948 shares of the company’s stock worth $2,660,000 after purchasing an additional 19,252 shares during the period. Barclays PLC lifted its holdings in shares of Lemonade by 10.2% during the third quarter. Barclays PLC now owns 21,441 shares of the company’s stock worth $249,000 after purchasing an additional 1,987 shares during the period. Quantbot Technologies LP acquired a new position in shares of Lemonade during the third quarter worth $108,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of Lemonade during the third quarter worth $179,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Trading Up 1.4 %

Shares of NYSE LMND opened at $16.31 on Monday. The firm’s 50-day moving average price is $16.88 and its 200-day moving average price is $16.93. Lemonade, Inc. has a 1-year low of $10.27 and a 1-year high of $24.81. The firm has a market capitalization of $1.15 billion, a P/E ratio of -5.21 and a beta of 1.82.

Lemonade (NYSE:LMND) last posted its earnings results on Tuesday, April 30th. The company reported ($0.67) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.14. Lemonade had a negative net margin of 48.14% and a negative return on equity of 30.30%. The company had revenue of $119.10 million for the quarter, compared to analyst estimates of $114.13 million. During the same quarter in the prior year, the business posted ($0.95) EPS. The firm’s revenue was up 25.1% compared to the same quarter last year. Equities research analysts forecast that Lemonade, Inc. will post -2.93 EPS for the current year.

Insider Buying and Selling

In other Lemonade news, CFO Timothy E. Bixby bought 10,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $16.54 per share, for a total transaction of $165,400.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $165,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LMND shares. Keefe, Bruyette & Woods boosted their target price on shares of Lemonade from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Monday, March 4th. Morgan Stanley boosted their target price on shares of Lemonade from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Wednesday, February 28th. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Lemonade in a report on Monday, April 15th. Jefferies Financial Group boosted their target price on shares of Lemonade from $14.00 to $16.00 and gave the company an “underperform” rating in a report on Tuesday, May 7th. Finally, Piper Sandler boosted their target price on shares of Lemonade from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lemonade has an average rating of “Hold” and a consensus price target of $18.86.

About Lemonade

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.