SG Americas Securities LLC Sells 14,442 Shares of Lemonade, Inc. (NYSE:LMND)

SG Americas Securities LLC lessened its stake in shares of Lemonade, Inc. (NYSE:LMND) by 77.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,246 shares of the company’s stock after selling 14,442 shares during the period. SG Americas Securities LLC’s holdings in Lemonade were worth $156,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LMND. Nisa Investment Advisors LLC increased its stake in shares of Lemonade by 4.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company’s stock worth $390,000 after acquiring an additional 500 shares during the last quarter. Mandatum Life Insurance Co Ltd acquired a new stake in shares of Lemonade during the fourth quarter worth about $378,000. Johnson & White Wealth Management LLC purchased a new position in Lemonade in the 4th quarter valued at approximately $234,000. Tidal Investments LLC boosted its holdings in Lemonade by 4.6% in the third quarter. Tidal Investments LLC now owns 45,631 shares of the company’s stock valued at $752,000 after purchasing an additional 2,017 shares during the period. Finally, Barclays PLC lifted its stake in Lemonade by 292.5% in the third quarter. Barclays PLC now owns 87,414 shares of the company’s stock worth $1,443,000 after acquiring an additional 65,144 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMND has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of Lemonade from $25.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. JMP Securities lifted their price objective 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 upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. BMO Capital Markets lifted their target price on shares of Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods downgraded Lemonade from a “market perform” rating to an “underperform” rating and upped their price objective for the company from $18.00 to $21.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Lemonade presently has an average rating of “Hold” and an average target price of $32.67.

Lemonade Stock Performance

Shares of Lemonade stock opened at $36.76 on Monday. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $53.85. The business’s 50 day simple moving average is $37.52 and its 200 day simple moving average is $27.71. The firm has a market cap of $2.62 billion, a PE ratio of -12.09 and a beta of 2.15.

Insider Buying and Selling at Lemonade

In other news, Director Maria Angelidis-Smith acquired 15,042 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $33.23 per share, for a total transaction of $499,845.66. Following the purchase, the director now owns 33,554 shares of the company’s stock, valued at approximately $1,114,999.42. The trade was a 81.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Adina Eckstein sold 23,644 shares of Lemonade stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $40.00, for a total value of $945,760.00. Following the transaction, 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 sold 846,945 shares of company stock valued at $37,496,684 in the last three months. Corporate insiders own 12.50% of the company’s stock.

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.