Lemonade, Inc. $LMND is Halter Ferguson Financial Inc.’s 3rd Largest Position

Halter Ferguson Financial Inc. boosted its stake in shares of Lemonade, Inc. (NYSE:LMND) by 101.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,906 shares of the company’s stock after buying an additional 289,803 shares during the period. Lemonade makes up about 7.0% of Halter Ferguson Financial Inc.’s investment portfolio, making the stock its 3rd largest holding. Halter Ferguson Financial Inc. owned 0.78% of Lemonade worth $30,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SVB Wealth LLC bought a new position in Lemonade in the 1st quarter worth about $26,000. Estabrook Capital Management bought a new position in shares of Lemonade in the second quarter worth approximately $44,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Lemonade by 30.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company’s stock valued at $45,000 after buying an additional 243 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Lemonade by 1,733.3% during the second quarter. Golden State Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $48,000 after acquiring an additional 1,040 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in Lemonade in the 1st quarter worth approximately $35,000. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Lemonade from $35.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, November 25th. Piper Sandler lowered their price objective on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Citizens Jmp lifted their target price on shares of Lemonade from $60.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Monday, November 24th. Finally, JMP Securities set a $80.00 price target on Lemonade in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.14.

Insider Transactions at Lemonade

In other news, Director Debra Schwartz sold 4,200 shares of Lemonade stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $83.59, for a total transaction of $351,078.00. Following the transaction, the director directly owned 21,567 shares of the company’s stock, valued at $1,802,785.53. The trade was a 16.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Sheldon Peters sold 18,930 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $72.77, for a total value of $1,377,536.10. Following the transaction, the insider owned 83,467 shares of the company’s stock, valued at approximately $6,073,893.59. This trade represents a 18.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 160,725 shares of company stock valued at $12,264,465 over the last quarter. 14.70% of the stock is currently owned by company insiders.

Lemonade Trading Up 4.7%

Shares of LMND stock opened at $82.78 on Friday. Lemonade, Inc. has a 12 month low of $24.31 and a 12 month high of $85.20. The stock has a market cap of $6.19 billion, a P/E ratio of -34.64 and a beta of 2.13. The company has a 50 day simple moving average of $67.68 and a two-hundred day simple moving average of $54.43.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.21. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The firm had revenue of $194.50 million during the quarter, compared to the consensus estimate of $185.06 million. During the same quarter in the previous year, the firm posted ($0.95) EPS. The company’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, equities analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current year.

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.