Williamson Legacy Group LLC Buys Shares of 14,180 Lemonade, Inc. $LMND

Williamson Legacy Group LLC bought a new stake in shares of Lemonade, Inc. (NYSE:LMND) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,180 shares of the company’s stock, valued at approximately $1,009,000.

Other institutional investors also recently modified their holdings of the company. Strategic Advocates LLC acquired a new stake in shares of Lemonade in the 3rd quarter valued at $33,000. NewEdge Advisors LLC acquired a new position in Lemonade during the first quarter worth $35,000. Torren Management LLC acquired a new position in Lemonade during the fourth quarter worth $35,000. Tsfg LLC bought a new position in Lemonade during the third quarter valued at about $54,000. Finally, Farther Finance Advisors LLC raised its holdings in Lemonade by 127.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the company’s stock valued at $73,000 after buying an additional 573 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LMND shares. Truist Financial decreased their price target on Lemonade from $98.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods raised their price objective on Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a research note on Tuesday, February 24th. Piper Sandler reduced their target price on Lemonade from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Wolfe Research set a $44.00 price target on Lemonade in a report on Tuesday, February 24th. Finally, UBS Group set a $75.00 price target on shares of Lemonade in a research report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Lemonade presently has an average rating of “Hold” and a consensus target price of $64.89.

Insider Activity

In other news, insider John Sheldon Peters sold 3,571 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $52.50, for a total value of $187,477.50. Following the sale, the insider directly owned 76,729 shares of the company’s stock, valued at approximately $4,028,272.50. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 5,567 shares of company stock valued at $287,517 over the last 90 days. Company insiders own 12.50% of the company’s stock.

Lemonade Price Performance

LMND stock opened at $57.41 on Wednesday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -30.70 and a beta of 1.85. The company has a 50-day moving average of $60.47 and a two-hundred day moving average of $68.46. Lemonade, Inc. has a 52-week low of $31.00 and a 52-week high of $99.90.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.11. The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $251.51 million. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The firm’s revenue was up 70.6% compared to the same quarter last year. During the same period last year, the business posted ($0.86) earnings per share. Equities analysts expect that Lemonade, Inc. will post -1.67 EPS for the current fiscal year.

Lemonade Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.