Blueshift Asset Management LLC Has $476,000 Holdings in Lemonade, Inc. (NYSE:LMND)

Blueshift Asset Management LLC lessened its position in Lemonade, Inc. (NYSE:LMND) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,841 shares of the company’s stock after selling 2,806 shares during the period. Blueshift Asset Management LLC’s holdings in Lemonade were worth $476,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after purchasing an additional 1,879 shares in the last quarter. Quest Partners LLC lifted its stake in Lemonade by 1,647.6% in the third quarter. Quest Partners LLC now owns 9,105 shares of the company’s stock valued at $150,000 after buying an additional 8,584 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in Lemonade in the second quarter valued at approximately $180,000. Bristlecone Advisors LLC acquired a new position in shares of Lemonade in the third quarter valued at approximately $218,000. Finally, Intech Investment Management LLC bought a new stake in shares of Lemonade during the third quarter worth $264,000. Institutional investors own 80.30% of the company’s stock.

Lemonade Stock Performance

LMND opened at $49.16 on Thursday. The business’s 50-day simple moving average is $24.89 and its 200 day simple moving average is $20.22. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $53.85. The firm has a market capitalization of $3.51 billion, a PE ratio of -16.17 and a beta of 1.68.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.95) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The company had revenue of $136.60 million for the quarter, compared to analysts’ expectations of $129.10 million. During the same quarter in the prior year, the business posted ($0.88) EPS. The business’s revenue was up 19.3% compared to the same quarter last year. On average, research analysts forecast that Lemonade, Inc. will post -3.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group cut their price objective on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 9th. JMP Securities boosted their price target on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Morgan Stanley raised Lemonade from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $23.00 to $42.00 in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods lowered Lemonade from a “market perform” rating to an “underperform” rating and lifted their target price for the company from $18.00 to $21.00 in a research report on Thursday, November 7th. Finally, BMO Capital Markets boosted their target price on Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research note on Thursday, November 21st. Three equities 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.43.

Insiders Place Their Bets

In other Lemonade news, Director Maria Angelidis-Smith purchased 18,512 shares of Lemonade stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $27.42 per share, for a total transaction of $507,599.04. Following the completion of the acquisition, the director now owns 18,512 shares of the company’s stock, valued at approximately $507,599.04. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Timothy E. Bixby sold 2,050 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total value of $37,392.00. Following the transaction, the chief financial officer now directly owns 271,552 shares in the company, valued at approximately $4,953,108.48. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,892 shares of company stock valued at $5,283,045. 12.50% of the stock is currently owned by corporate insiders.

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.