Police & Firemen s Retirement System of New Jersey Grows Position in Lemonade, Inc. $LMND

Police & Firemen s Retirement System of New Jersey lifted its holdings in Lemonade, Inc. (NYSE:LMND) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,610 shares of the company’s stock after buying an additional 1,050 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Lemonade were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMND. SVB Wealth LLC acquired a new stake in Lemonade in the 1st quarter valued at about $26,000. NewEdge Advisors LLC purchased a new stake in shares of Lemonade in the first quarter valued at approximately $35,000. Golden State Wealth Management LLC increased its holdings in shares of Lemonade by 1,733.3% in the second quarter. Golden State Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $48,000 after purchasing an additional 1,040 shares during the last quarter. State of Wyoming purchased a new position in Lemonade during the first quarter worth approximately $49,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in 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 worth $60,000 after buying an additional 1,241 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Adina Eckstein sold 5,988 shares of Lemonade stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $78.00, for a total value of $467,064.00. Following the completion of the sale, the chief operating officer owned 227,987 shares in the company, valued at approximately $17,782,986. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Sheldon Peters sold 3,798 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $73.25, for a total value of $278,203.50. Following the completion of the sale, the insider directly owned 79,669 shares in the company, valued at approximately $5,835,754.25. The trade was a 4.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 71,716 shares of company stock worth $5,194,624 over the last three months. Insiders own 12.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Cantor Fitzgerald upgraded Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Citizens Jmp boosted their price target on shares of Lemonade from $60.00 to $80.00 and gave the company a “market outperform” rating in a research report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a report on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of Lemonade from $49.00 to $53.00 and gave the stock an “underweight” rating in a research report on Monday, November 17th. Finally, Piper Sandler reduced their target price on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Lemonade has a consensus rating of “Hold” and a consensus target price of $56.57.

Lemonade Trading Up 8.7%

NYSE LMND opened at $73.19 on Tuesday. The stock has a fifty day simple moving average of $59.62 and a 200-day simple moving average of $48.94. The stock has a market cap of $5.47 billion, a PE ratio of -30.62 and a beta of 2.26. Lemonade, Inc. has a twelve month low of $24.31 and a twelve month high of $83.77.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.21. The firm had revenue of $194.50 million for the quarter, compared to analyst estimates of $185.06 million. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. Lemonade’s revenue was up 42.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.95) EPS. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts predict 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.