Lemonade, Inc. (NYSE:LMND) Stock Holdings Decreased by Halter Ferguson Financial Inc.

Halter Ferguson Financial Inc. lowered its stake in shares of Lemonade, Inc. (NYSE:LMND) by 60.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 292,790 shares of the company’s stock after selling 449,380 shares during the quarter. Lemonade accounts for about 4.4% of Halter Ferguson Financial Inc.’s portfolio, making the stock its 3rd largest position. Halter Ferguson Financial Inc.’s holdings in Lemonade were worth $10,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of LMND. FMR LLC boosted its stake 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 acquiring an additional 153,362 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lemonade by 99.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company’s stock worth $903,000 after buying an additional 27,265 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Lemonade during the third quarter worth about $1,571,000. Strategic Financial Concepts LLC acquired a new stake in shares of Lemonade during the fourth quarter worth about $2,712,000. Finally, Barclays PLC boosted its stake in shares of Lemonade by 292.5% during the third quarter. Barclays PLC now owns 87,414 shares of the company’s stock worth $1,443,000 after buying an additional 65,144 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Lemonade Stock Up 6.3 %

Shares of LMND opened at $37.17 on Tuesday. The firm has a market cap of $2.71 billion, a PE ratio of -12.23 and a beta of 2.12. The company’s fifty day moving average is $34.23 and its two-hundred day moving average is $30.91. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $53.85.

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

Analyst Ratings Changes

Several research firms recently issued reports on LMND. BMO Capital Markets increased their price target on shares of Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Thursday, November 21st. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $23.00 to $42.00 in a report on Wednesday, November 20th. Piper Sandler dropped their target price on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, JMP Securities increased their target price on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.00.

Insider Transactions at Lemonade

In other news, insider John Sheldon Peters sold 1,899 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $33.79, for a total value of $64,167.21. Following the completion of the sale, the insider now owns 87,609 shares of the company’s stock, valued at approximately $2,960,308.11. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 7,067 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $43.02, for a total transaction of $304,022.34. Following the completion of the sale, the insider now directly owns 10,699,211 shares of the company’s stock, valued at $460,280,057.22. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,951 shares of company stock valued at $1,489,040. Insiders own 12.50% of the company’s stock.

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.