Lemonade, Inc. (NYSE:LMND) Stock Position Decreased by Synergy Financial Group LTD

Synergy Financial Group LTD trimmed its stake in shares of Lemonade, Inc. (NYSE:LMND) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,217 shares of the company’s stock after selling 1,964 shares during the period. Synergy Financial Group LTD’s holdings in Lemonade were worth $411,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LMND. Nisa Investment Advisors LLC increased 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. Avior Wealth Management LLC acquired a new position in shares of Lemonade in the fourth quarter worth about $40,000. Bristlecone Advisors LLC raised its holdings in shares of Lemonade by 10.2% during the fourth quarter. Bristlecone Advisors LLC now owns 14,577 shares of the company’s stock valued at $535,000 after acquiring an additional 1,348 shares during the period. Rhumbline Advisers lifted its position in shares of Lemonade by 2.1% in the 4th quarter. Rhumbline Advisers now owns 75,705 shares of the company’s stock valued at $2,777,000 after acquiring an additional 1,561 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Lemonade in the 4th quarter worth approximately $67,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider John Sheldon Peters sold 28,985 shares of Lemonade stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $38.67, for a total value of $1,120,849.95. Following the transaction, the insider now owns 69,508 shares of the company’s stock, valued at $2,687,874.36. This trade represents a 29.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael A. Eisenberg sold 12,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $40.15, for a total transaction of $481,800.00. Following the completion of the transaction, the director now owns 94,670 shares in the company, valued at $3,801,000.50. The trade was a 11.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 769,657 shares of company stock worth $33,868,724. 12.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LMND. JMP Securities lifted their price target on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Morgan Stanley raised Lemonade from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods lowered shares of Lemonade from a “market perform” rating to an “underperform” rating and increased their price target for the stock from $18.00 to $21.00 in a research report on Thursday, November 7th. BMO Capital Markets raised their price target on shares of Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Thursday, November 21st. Finally, Piper Sandler upped their price objective on shares of Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Lemonade presently has a consensus rating of “Hold” and a consensus target price of $32.67.

Lemonade Stock Performance

Shares of LMND opened at $34.66 on Tuesday. The firm has a market cap of $2.48 billion, a PE ratio of -11.40 and a beta of 2.15. Lemonade, Inc. has a twelve month low of $14.03 and a twelve month high of $53.85. The firm’s 50 day moving average price is $35.64 and its 200 day moving average price is $29.05.

Lemonade Company 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.