Lemonade, Inc. (NYSE:LMND - Get Free Report) major shareholder Softbank Group Capital Ltd sold 42,160 shares of Lemonade stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $37.22, for a total value of $1,569,195.20. Following the transaction, the insider now directly owns 10,452,476 shares in the company, valued at approximately $389,041,156.72. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Softbank Group Capital Ltd also recently made the following trade(s):
- On Monday, March 24th, Softbank Group Capital Ltd sold 204,575 shares of Lemonade stock. The shares were sold at an average price of $37.08, for a total value of $7,585,641.00.
Lemonade Trading Down 3.6 %
Shares of Lemonade stock opened at $32.56 on Friday. The business's fifty day simple moving average is $34.54 and its 200 day simple moving average is $31.75. Lemonade, Inc. has a 12 month low of $14.03 and a 12 month high of $53.85. The firm has a market capitalization of $2.37 billion, a P/E ratio of -10.71 and a beta of 2.12.
Lemonade (NYSE:LMND - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.42) EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $0.19. The company had revenue of $148.80 million for the quarter, compared to analysts' expectations of $144.78 million. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. Analysts predict that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Lemonade by 93.0% in the 3rd quarter. FMR LLC now owns 318,321 shares of the company's stock worth $5,249,000 after purchasing an additional 153,362 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Lemonade by 99.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company's stock valued at $903,000 after buying an additional 27,265 shares during the period. Verition Fund Management LLC bought a new stake in shares of Lemonade in the third quarter valued at $1,571,000. Strategic Financial Concepts LLC purchased a new position in shares of Lemonade during the 4th quarter valued at $2,712,000. Finally, Barclays PLC grew its stake in shares of Lemonade by 292.5% during the 3rd 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 period. 80.30% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Piper Sandler lowered their target price on shares of Lemonade from $44.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $31.00.
Read Our Latest Stock Analysis on Lemonade
Lemonade Company Profile
(
Get Free Report)
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.
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