Trust Investment Advisors Invests $236,000 in Lemonade, Inc. (NYSE:LMND)

Trust Investment Advisors bought a new position in Lemonade, Inc. (NYSE:LMND) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,426 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC acquired a new stake in Lemonade during the fourth quarter worth about $40,000. PNC Financial Services Group Inc. increased its position in Lemonade by 116.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,596 shares of the company’s stock worth $59,000 after purchasing an additional 860 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Lemonade in the fourth quarter valued at approximately $67,000. US Bancorp DE lifted its position in Lemonade by 574.5% during the fourth quarter. US Bancorp DE now owns 1,875 shares of the company’s stock valued at $69,000 after buying an additional 1,597 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in Lemonade by 321.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock valued at $74,000 after buying an additional 3,403 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler cut their target price on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.00.

Insider Transactions at Lemonade

In related news, insider John Sheldon Peters sold 28,985 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $38.67, for a total value of $1,120,849.95. Following the sale, the insider now directly owns 69,508 shares of the company’s stock, valued at $2,687,874.36. This represents a 29.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 12.50% of the company’s stock.

Lemonade Stock Down 1.0 %

NYSE LMND opened at $36.54 on Wednesday. The stock has a market cap of $2.66 billion, a PE ratio of -12.02 and a beta of 2.12. The business has a 50 day moving average price of $34.48 and a two-hundred day moving average price of $31.62. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $53.85.

Lemonade (NYSE:LMND) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.19. The business had revenue of $148.80 million during the quarter, compared to analyst estimates of $144.78 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. Sell-side analysts anticipate that Lemonade, Inc. will post -3.03 EPS 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.