Avior Wealth Management LLC Makes New Investment in Lemonade, Inc. (NYSE:LMND)

Avior Wealth Management LLC purchased a new position in Lemonade, Inc. (NYSE:LMND) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,100 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in 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 purchasing an additional 500 shares in the last quarter. Axiom Advisory LLC raised its position in shares of Lemonade by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 54,400 shares of the company’s stock valued at $897,000 after buying an additional 850 shares in the last quarter. Blue Trust Inc. raised its position in shares of Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after buying an additional 1,879 shares in the last quarter. Tidal Investments LLC raised its position in shares of Lemonade by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 45,631 shares of the company’s stock valued at $752,000 after buying an additional 2,017 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Lemonade by 9.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,194 shares of the company’s stock valued at $482,000 after buying an additional 2,582 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other Lemonade news, Director Maria Angelidis-Smith acquired 18,512 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $27.42 per share, for a total transaction of $507,599.04. Following the completion of the purchase, the director now owns 18,512 shares in the company, valued at approximately $507,599.04. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Adina Eckstein sold 23,644 shares of the 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 $1,182,200.00. Following the transaction, the chief operating officer now owns 189,653 shares in the company, valued at approximately $9,482,650. This represents a 11.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 900,499 shares of company stock worth $39,114,376 in the last three months. Corporate insiders own 12.50% of the company’s stock.

Lemonade Price Performance

Shares of LMND stock opened at $33.41 on Thursday. The company has a market capitalization of $2.39 billion, a P/E ratio of -10.99 and a beta of 2.17. The company’s 50-day simple moving average is $39.96 and its two-hundred day simple moving average is $27.07. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85.

Lemonade (NYSE:LMND) last issued its earnings results on Wednesday, October 30th. The company reported ($0.95) EPS for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.07. The business had revenue of $136.60 million for the quarter, compared to the consensus estimate of $129.10 million. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.88) EPS. On average, research analysts expect that Lemonade, Inc. will post -3.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LMND shares. BMO Capital Markets upped their target price on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods cut shares of Lemonade from a “market perform” rating to an “underperform” rating and upped their target price for the company from $18.00 to $21.00 in a research report on Thursday, November 7th. JMP Securities upped their price target on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group cut their price target on shares of Lemonade from $15.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, October 9th. Finally, Morgan Stanley upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $23.00 to $42.00 in a report on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lemonade has a consensus rating of “Hold” and an average price target of $32.67.

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.