Capstone Investment Advisors LLC Buys Shares of 13,055 Lemonade, Inc. (NYSE:LMND)

Capstone Investment Advisors LLC purchased a new position in Lemonade, Inc. (NYSE:LMND) in the first quarter, HoldingsChannel reports. The firm purchased 13,055 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors also recently made changes to their positions in LMND. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Lemonade in the 4th quarter worth approximately $30,000. Tower Research Capital LLC TRC raised its holdings in shares of Lemonade by 236.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,246 shares of the company’s stock worth $85,000 after purchasing an additional 3,687 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Lemonade in the 4th quarter worth approximately $151,000. Trexquant Investment LP bought a new stake in shares of Lemonade in the 4th quarter worth approximately $272,000. Finally, Jump Financial LLC bought a new stake in shares of Lemonade in the 4th quarter worth approximately $292,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LMND shares. Jefferies Financial Group boosted their target price on shares of Lemonade from $14.00 to $16.00 and gave the stock an “underperform” rating in a report on Tuesday, May 7th. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Lemonade in a report on Monday, April 15th. Finally, Piper Sandler boosted their price target on shares of Lemonade from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Lemonade presently has an average rating of “Hold” and an average price target of $18.86.

Insider Activity at Lemonade

In other Lemonade news, CFO Timothy E. Bixby bought 15,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of $15.51 per share, with a total value of $232,650.00. Following the completion of the purchase, the chief financial officer now directly owns 25,000 shares in the company, valued at approximately $387,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Timothy E. Bixby purchased 15,000 shares of Lemonade stock in a transaction on Thursday, June 13th. The shares were purchased at an average cost of $15.51 per share, for a total transaction of $232,650.00. Following the completion of the transaction, the chief financial officer now directly owns 25,000 shares in the company, valued at $387,750. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Timothy E. Bixby sold 2,077 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $16.03, for a total transaction of $33,294.31. Following the completion of the transaction, the chief financial officer now owns 273,602 shares in the company, valued at $4,385,840.06. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Lemonade Stock Up 1.1 %

LMND stock opened at $18.39 on Thursday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -5.88 and a beta of 1.78. Lemonade, Inc. has a 12 month low of $10.27 and a 12 month high of $24.81. The firm has a 50 day moving average of $16.65 and a two-hundred day moving average of $16.74.

Lemonade (NYSE:LMND) last announced its earnings results on Tuesday, April 30th. The company reported ($0.67) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.14. The firm had revenue of $119.10 million for the quarter, compared to the consensus estimate of $114.13 million. Lemonade had a negative net margin of 48.14% and a negative return on equity of 30.30%. The business’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.95) EPS. On average, research analysts expect that Lemonade, Inc. will post -2.94 EPS for the current fiscal year.

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.