Lemonade, Inc. $LMND Shares Acquired by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. lifted its holdings in shares of Lemonade, Inc. (NYSE:LMND) by 80.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 571,768 shares of the company’s stock after buying an additional 255,368 shares during the period. Lemonade makes up approximately 0.9% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 14th largest position. Analyst IMS Investment Management Services Ltd.’s holdings in Lemonade were worth $25,049,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC boosted its stake in shares of Lemonade by 3.6% during the first quarter. Nisa Investment Advisors LLC now owns 11,020 shares of the company’s stock worth $346,000 after buying an additional 380 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Lemonade by 5.9% during the second quarter. Teacher Retirement System of Texas now owns 8,285 shares of the company’s stock worth $363,000 after buying an additional 458 shares during the period. US Bancorp DE raised its holdings in Lemonade by 28.3% during the first quarter. US Bancorp DE now owns 2,406 shares of the company’s stock worth $76,000 after purchasing an additional 531 shares in the last quarter. CWM LLC raised its holdings in Lemonade by 30.2% during the first quarter. CWM LLC now owns 2,813 shares of the company’s stock worth $88,000 after purchasing an additional 653 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in Lemonade during the first quarter worth about $26,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Trading Down 1.8%

Shares of Lemonade stock opened at $57.41 on Wednesday. Lemonade, Inc. has a 12-month low of $17.91 and a 12-month high of $62.00. The stock has a market cap of $4.24 billion, a PE ratio of -20.28 and a beta of 2.24. The company has a 50-day moving average of $53.34 and a two-hundred day moving average of $43.35.

Lemonade (NYSE:LMND) last issued its earnings results on Tuesday, August 5th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.21. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. The company had revenue of $164.10 million during the quarter, compared to analysts’ expectations of $160.88 million. During the same period last year, the company posted ($0.81) earnings per share. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Adina Eckstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total transaction of $245,000.00. Following the completion of the transaction, the chief operating officer directly owned 189,653 shares of the company’s stock, valued at $9,292,997. This trade represents a 2.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Sheldon Peters sold 2,718 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $50.34, for a total transaction of $136,824.12. Following the transaction, the insider directly owned 102,397 shares of the company’s stock, valued at approximately $5,154,664.98. This trade represents a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,000 shares of company stock valued at $396,020. Corporate insiders own 12.50% of the company’s stock.

Wall Street Analyst Weigh In

LMND has been the subject of several analyst reports. Cantor Fitzgerald raised shares of Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $26.00 price target (up from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. Morgan Stanley increased their price target on shares of Lemonade from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Tuesday, October 7th. Piper Sandler cut their price target on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lemonade currently has an average rating of “Reduce” and a consensus target price of $48.00.

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.