Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases Shares of 5,200 Lemonade, Inc. $LMND

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Lemonade, Inc. (NYSE:LMND) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,200 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Analyst IMS Investment Management Services Ltd. raised its position in Lemonade by 80.7% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 571,768 shares of the company’s stock valued at $25,049,000 after purchasing an additional 255,368 shares during the last quarter. United Capital Management of KS Inc. increased its position in shares of Lemonade by 7.2% during the second quarter. United Capital Management of KS Inc. now owns 23,504 shares of the company’s stock valued at $1,030,000 after buying an additional 1,582 shares during the period. Teacher Retirement System of Texas increased its position 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 valued at $363,000 after buying an additional 458 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Lemonade during the second quarter valued at about $1,155,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Lemonade by 1,008.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,364 shares of the company’s stock valued at $60,000 after buying an additional 1,241 shares during the period. Institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LMND shares. Piper Sandler reduced their price target on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lemonade in a research report on Wednesday, October 8th. Morgan Stanley boosted their price target on shares of Lemonade from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Tuesday, October 7th. BMO Capital Markets boosted their price target on shares of Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a research report on Monday, August 18th. Finally, Cantor Fitzgerald upgraded shares of Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Lemonade presently has a consensus rating of “Reduce” and an average target price of $48.00.

Insider Activity at Lemonade

In other news, insider John Sheldon Peters sold 2,718 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total value of $136,824.12. Following the transaction, the insider owned 102,397 shares in the company, valued at approximately $5,154,664.98. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Adina Eckstein sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 owned 189,653 shares in the company, valued at approximately $9,292,997. This represents a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 8,000 shares of company stock worth $396,020. Insiders own 14.70% of the company’s stock.

Lemonade Trading Up 1.8%

Lemonade stock opened at $60.08 on Friday. The business’s fifty day simple moving average is $53.57 and its two-hundred day simple moving average is $44.05. Lemonade, Inc. has a 12 month low of $20.42 and a 12 month high of $62.67. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of -21.23 and a beta of 2.24.

Lemonade (NYSE:LMND) last released its earnings results on Tuesday, August 5th. The company reported ($0.60) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.21. Lemonade had a negative return on equity of 36.12% and a negative net margin of 33.96%.The business had revenue of $164.10 million for the quarter, compared to the consensus estimate of $160.88 million. During the same period in the previous year, the company posted ($0.81) earnings per share. The company’s revenue for the quarter 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, equities research analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.

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.