Leo Wealth LLC Makes New $2.70 Million Investment in Lemonade, Inc. $LMND

Leo Wealth LLC bought a new position in Lemonade, Inc. (NYSE:LMND) in the 4th quarter, HoldingsChannel.com reports. The firm bought 34,532 shares of the company’s stock, valued at approximately $2,699,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fearless Solutions LLC dba Best Invest boosted its holdings in Lemonade by 10.5% during the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 4,200 shares of the company’s stock worth $299,000 after purchasing an additional 400 shares during the last quarter. Udine Wealth Management Inc. increased its stake in Lemonade by 2.2% in the 4th quarter. Udine Wealth Management Inc. now owns 33,930 shares of the company’s stock valued at $2,415,000 after buying an additional 717 shares during the last quarter. Genesis Financial Group LLC purchased a new stake in Lemonade in the 4th quarter valued at about $890,000. Victory Financial Group LLC bought a new position in shares of Lemonade during the 4th quarter worth approximately $235,000. Finally, Cadent Capital Advisors LLC purchased a new position in shares of Lemonade in the 4th quarter worth approximately $965,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial assumed coverage on Lemonade in a report on Tuesday, January 6th. They issued a “buy” rating and a $98.00 target price for the company. Wolfe Research set a $44.00 price objective on Lemonade in a research report on Tuesday, February 24th. Citigroup restated an “outperform” rating on shares of Lemonade in a research note on Friday, January 16th. Cantor Fitzgerald lifted their target price on Lemonade from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a report on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lemonade has a consensus rating of “Hold” and a consensus price target of $68.75.

Insider Transactions at Lemonade

In related news, CEO Daniel A. Schreiber sold 126,625 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $94.74, for a total transaction of $11,996,452.50. Following the sale, the chief executive officer directly owned 1,523,534 shares in the company, valued at approximately $144,339,611.16. This represents a 7.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Sheldon Peters sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the transaction, the insider directly owned 60,771 shares of the company’s stock, valued at approximately $4,861,680. This trade represents a 14.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 160,300 shares of company stock valued at $14,796,026 in the last quarter. Company insiders own 14.70% of the company’s stock.

Lemonade Price Performance

Shares of LMND opened at $61.40 on Monday. Lemonade, Inc. has a 1 year low of $24.31 and a 1 year high of $99.90. The stock’s fifty day moving average price is $64.62 and its two-hundred day moving average price is $67.43. The firm has a market cap of $4.69 billion, a PE ratio of -27.17 and a beta of 2.04.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.During the same quarter in the prior year, the business posted ($0.42) earnings per share. Lemonade’s quarterly revenue was up 53.3% compared to the same quarter last year. Sell-side analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

About Lemonade

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.