Baer Investment Advisory LLC Invests $559,000 in Lemonade, Inc. $LMND

Baer Investment Advisory LLC bought a new stake in Lemonade, Inc. (NYSE:LMND) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,919 shares of the company’s stock, valued at approximately $559,000.

Several other large investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Lemonade by 8,080.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after acquiring an additional 404 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Lemonade during the fourth quarter worth $33,000. Torren Management LLC acquired a new position in Lemonade in the fourth quarter worth $35,000. Strive Financial Group LLC acquired a new position in Lemonade in the fourth quarter worth $38,000. Finally, Strategic Advocates LLC bought a new stake in Lemonade during the third quarter valued at $33,000. Institutional investors own 80.30% of the company’s stock.

Lemonade Trading Up 0.0%

LMND opened at $71.53 on Friday. The business’s 50 day moving average is $58.06 and its 200-day moving average is $65.36. The stock has a market cap of $5.50 billion, a PE ratio of -38.25 and a beta of 1.79. Lemonade, Inc. has a twelve month low of $35.70 and a twelve month high of $99.90.

Lemonade (NYSE:LMND) last posted its earnings results on Tuesday, April 28th. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.58) by $0.11. The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $251.51 million. Lemonade had a negative return on equity of 26.52% and a negative net margin of 16.44%.The firm’s revenue was up 70.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.86) EPS. As a group, analysts forecast that Lemonade, Inc. will post -1.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Lemonade in a report on Tuesday, May 26th. Morgan Stanley cut their target price on shares of Lemonade from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Piper Sandler decreased their target price on Lemonade from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. UBS Group set a $75.00 price target on Lemonade in a research report on Thursday, May 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.89.

Insider Buying and Selling at Lemonade

In other news, insider John Sheldon Peters sold 3,608 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $52.94, for a total transaction of $191,007.52. Following the transaction, the insider directly owned 81,386 shares of the company’s stock, valued at approximately $4,308,574.84. This trade represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Maya Prosor sold 1,220 shares of Lemonade stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $64,867.40. Following the sale, the insider owned 187,573 shares in the company, valued at approximately $9,973,256.41. This represents a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 6,563 shares of company stock valued at $348,125. Company insiders own 14.70% of the company’s stock.

Lemonade Company Profile

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.