UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 9,454 Shares of Lemonade, Inc. (NYSE:LMND)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 98,230 shares of the company’s stock after selling 9,454 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lemonade were worth $1,620,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of LMND. Marshall Wace LLP bought a new position in shares of Lemonade during the 2nd quarter worth about $14,181,000. General Equity Holdings LP acquired a new stake in Lemonade during the second quarter worth about $5,198,000. FMR LLC increased its stake in Lemonade by 93.0% during the third quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after acquiring an additional 153,362 shares during the period. Millennium Management LLC lifted its position in Lemonade by 388.7% in the second quarter. Millennium Management LLC now owns 165,689 shares of the company’s stock worth $2,734,000 after purchasing an additional 131,784 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its holdings in shares of Lemonade by 17.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock worth $5,308,000 after acquiring an additional 48,260 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Transactions at Lemonade

In related news, insider Maya Prosor sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider now owns 29,286 shares in the company, valued at approximately $1,464,300. The trade was a 50.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Adina Eckstein sold 23,644 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $40.00, for a total transaction of $945,760.00. Following the completion of the sale, the chief operating officer now directly owns 189,653 shares of the company’s stock, valued at $7,586,120. The trade was a 11.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,842 shares of company stock worth $5,245,653 in the last three months. Insiders own 12.50% of the company’s stock.

Lemonade Trading Up 4.4 %

Shares of NYSE LMND opened at $43.74 on Tuesday. Lemonade, Inc. has a 1 year low of $14.03 and a 1 year high of $53.85. The firm’s 50-day moving average is $32.19 and its 200-day moving average is $22.79. The firm has a market capitalization of $3.12 billion, a PE ratio of -14.39 and a beta of 2.09.

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, beating analysts’ consensus estimates of ($1.02) by $0.07. The firm had revenue of $136.60 million for the quarter, compared to analysts’ expectations of $129.10 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the firm earned ($0.88) earnings per share. As a group, equities research analysts anticipate that Lemonade, Inc. will post -3.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Piper Sandler increased their target price on Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods lowered Lemonade from a “market perform” rating to an “underperform” rating and boosted their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, November 7th. JMP Securities upped their price target on shares of Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Morgan Stanley raised shares of Lemonade from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $23.00 to $42.00 in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group decreased their price target on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.43.

Lemonade 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.