Union Bancaire Privee UBP SA Invests $67,000 in Lemonade, Inc. (NYSE:LMND)

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

Several other hedge funds also recently added to or reduced their stakes in LMND. FMR LLC raised its position in 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 period. Verition Fund Management LLC acquired a new stake in shares of Lemonade during the 3rd quarter worth about $1,571,000. Strategic Financial Concepts LLC purchased a new stake in Lemonade in the 4th quarter valued at about $2,712,000. Barclays PLC lifted its position in Lemonade by 292.5% in the third quarter. Barclays PLC now owns 87,414 shares of the company’s stock valued at $1,443,000 after buying an additional 65,144 shares during the last quarter. Finally, Landscape Capital Management L.L.C. boosted its stake in Lemonade by 17.6% during the third quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock worth $5,308,000 after buying an additional 48,260 shares during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered shares of Lemonade from a “market perform” rating to an “underperform” rating and upped their price objective for the stock from $18.00 to $21.00 in a report on Thursday, November 7th. 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. Piper Sandler raised their price target on Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Morgan Stanley upgraded 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 report on Wednesday, November 20th. Finally, BMO Capital Markets increased their target price on Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $32.67.

Insider Transactions at Lemonade

In related news, Director Michael A. Eisenberg sold 12,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $40.15, for a total transaction of $481,800.00. Following the completion of the transaction, the director now owns 94,670 shares in the company, valued at approximately $3,801,000.50. The trade was a 11.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Sheldon Peters sold 28,985 shares of the 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 completion of the transaction, the insider now directly owns 69,508 shares in the company, valued at $2,687,874.36. This trade represents a 29.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 769,657 shares of company stock valued at $33,868,724. 12.50% of the stock is currently owned by corporate insiders.

Lemonade Stock Down 7.3 %

NYSE:LMND opened at $32.18 on Wednesday. Lemonade, Inc. has a 52 week low of $14.03 and a 52 week high of $53.85. The company has a fifty day simple moving average of $35.42 and a two-hundred day simple moving average of $29.17. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -10.58 and a beta of 2.15.

Lemonade (NYSE:LMND) last released its earnings results on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.19. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. On average, analysts expect that Lemonade, Inc. will post -3.03 EPS for the current 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.