Lemonade (NYSE:LMND) Shares Up 7.2%

Lemonade, Inc. (NYSE:LMND)’s share price rose 7.2% on Tuesday . The company traded as high as $17.43 and last traded at $17.33. Approximately 417,686 shares traded hands during trading, a decline of 76% from the average daily volume of 1,770,411 shares. The stock had previously closed at $16.16.

Analyst Upgrades and Downgrades

LMND has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Lemonade in a research report on Monday, April 15th. Keefe, Bruyette & Woods upped their price objective on Lemonade from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Morgan Stanley upped their price objective on Lemonade from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 28th. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Lemonade in a research report on Thursday, February 29th. Finally, TD Cowen assumed coverage on Lemonade in a research report on Wednesday, January 10th. They set a “market perform” rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.11.

Lemonade Stock Down 0.4 %

The firm has a fifty day moving average of $16.85 and a 200 day moving average of $16.19.

Lemonade (NYSE:LMND) last posted its earnings results on Tuesday, February 27th. The company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.79) by $0.18. The firm had revenue of $115.50 million for the quarter, compared to analyst estimates of $111.71 million. Lemonade had a negative return on equity of 31.29% and a negative net margin of 55.12%. Lemonade’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.93) earnings per share. As a group, equities analysts expect that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Insider Buying and Selling at Lemonade

In related news, CFO Timothy E. Bixby acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $16.54 per share, for a total transaction of $165,400.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $165,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lemonade

Large investors have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. acquired a new position in Lemonade in the fourth quarter valued at $30,000. Asset Management One Co. Ltd. boosted its stake in Lemonade by 48.0% in the third quarter. Asset Management One Co. Ltd. now owns 4,343 shares of the company’s stock valued at $50,000 after acquiring an additional 1,409 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Lemonade by 236.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,246 shares of the company’s stock worth $85,000 after buying an additional 3,687 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Lemonade during the third quarter worth about $108,000. Finally, Quest Partners LLC acquired a new stake in shares of Lemonade during the fourth quarter worth about $151,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

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.