Charles Schwab Investment Management Inc. Acquires 3,867 Shares of Lemonade, Inc. (NYSE:LMND)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 452,164 shares of the company’s stock after buying an additional 3,867 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Lemonade were worth $16,585,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LMND. FMR LLC lifted its stake in Lemonade by 93.0% in the third quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after acquiring an additional 153,362 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Lemonade by 99.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,762 shares of the company’s stock valued at $903,000 after purchasing an additional 27,265 shares during the last quarter. Verition Fund Management LLC bought a new position in Lemonade during the third quarter worth about $1,571,000. Strategic Financial Concepts LLC bought a new position in Lemonade during the fourth quarter worth about $2,712,000. Finally, Barclays PLC increased its position in Lemonade by 292.5% during the third quarter. Barclays PLC now owns 87,414 shares of the company’s stock worth $1,443,000 after buying an additional 65,144 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Activity at Lemonade

In related news, insider John Sheldon Peters sold 1,899 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the transaction, the insider now owns 87,609 shares in the company, valued at approximately $2,960,308.11. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.50% of the stock is currently owned by corporate insiders.

Lemonade Stock Performance

LMND opened at $34.61 on Friday. The stock has a fifty day moving average of $34.20 and a 200-day moving average of $31.07. The company has a market capitalization of $2.52 billion, a P/E ratio of -11.39 and a beta of 2.12. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $53.85.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.19. Lemonade had a negative net margin of 43.51% and a negative return on equity of 32.85%. The business had revenue of $148.80 million during the quarter, compared to analysts’ expectations of $144.78 million. On average, equities research analysts predict that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LMND shares. JMP Securities raised their price objective on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd. BMO Capital Markets upped their price objective on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday, November 21st. Finally, Piper Sandler dropped their price objective on shares of Lemonade from $44.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.00.

About Lemonade

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.