Cypress Capital Management LLC WY Invests $946,000 in Lemonade, Inc. (NYSE:LMND)

Cypress Capital Management LLC WY purchased a new stake in Lemonade, Inc. (NYSE:LMND) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 58,663 shares of the company’s stock, valued at approximately $946,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Algert Global LLC increased its stake in Lemonade by 57.0% in the third quarter. Algert Global LLC now owns 96,058 shares of the company’s stock valued at $1,116,000 after purchasing an additional 34,860 shares during the period. Swiss National Bank boosted its stake in shares of Lemonade by 1.2% in the third quarter. Swiss National Bank now owns 114,500 shares of the company’s stock valued at $1,330,000 after buying an additional 1,400 shares in the last quarter. Seven Eight Capital LP acquired a new position in Lemonade during the third quarter worth $704,000. SG Americas Securities LLC raised its position in Lemonade by 32.2% in the fourth quarter. SG Americas Securities LLC now owns 42,634 shares of the company’s stock worth $688,000 after acquiring an additional 10,376 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Lemonade during the 4th quarter worth $30,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TD Cowen started coverage on shares of Lemonade in a report on Wednesday, January 10th. They issued a “market perform” rating and a $17.00 price target for the company. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price objective on shares of Lemonade in a research report on Thursday, February 29th. Keefe, Bruyette & Woods lifted their target price on shares of Lemonade from $16.00 to $18.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Morgan Stanley increased their price target on shares of Lemonade from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Wednesday, February 28th. Finally, JMP Securities restated a “market outperform” rating and issued a $40.00 price objective on shares of Lemonade in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Lemonade presently has a consensus rating of “Hold” and a consensus price target of $17.11.

Insider Buying and Selling at Lemonade

In related news, CFO Timothy E. Bixby purchased 10,000 shares of Lemonade stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $16.54 per share, with a total value of $165,400.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $165,400. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 11.70% of the stock is currently owned by corporate insiders.

Lemonade Trading Down 0.7 %

Shares of LMND stock traded down $0.12 on Monday, reaching $17.83. 1,185,530 shares of the stock were exchanged, compared to its average volume of 1,759,295. The firm has a 50 day moving average of $16.85 and a two-hundred day moving average of $16.30. Lemonade, Inc. has a 1-year low of $10.27 and a 1-year high of $24.81.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.79) by $0.18. Lemonade had a negative return on equity of 31.29% and a negative net margin of 55.12%. The firm had revenue of $115.50 million during the quarter, compared to the consensus estimate of $111.71 million. During the same period in the prior year, the firm earned ($0.93) EPS. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. On average, equities research analysts expect that Lemonade, Inc. will post -3.03 EPS for the current year.

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.