Lemonade, Inc. $LMND Stock Holdings Increased by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of Lemonade, Inc. (NYSE:LMND) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,706 shares of the company’s stock after purchasing an additional 2,001 shares during the period. Rhumbline Advisers owned about 0.11% of Lemonade worth $2,442,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. grew its stake in Lemonade by 697.4% in the fourth quarter. Ameriprise Financial Inc. now owns 98,697 shares of the company’s stock valued at $3,620,000 after purchasing an additional 86,320 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Lemonade during the 4th quarter valued at about $267,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Lemonade by 5.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,767 shares of the company’s stock valued at $3,073,000 after buying an additional 4,109 shares in the last quarter. Millennium Management LLC grew its stake in shares of Lemonade by 67.4% in the 4th quarter. Millennium Management LLC now owns 92,890 shares of the company’s stock valued at $3,407,000 after buying an additional 37,398 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in Lemonade in the fourth quarter worth approximately $539,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Lemonade Price Performance

Lemonade stock opened at $57.34 on Wednesday. Lemonade, Inc. has a fifty-two week low of $15.27 and a fifty-two week high of $60.41. The firm has a fifty day moving average price of $48.14 and a two-hundred day moving average price of $38.96. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -20.26 and a beta of 2.28.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $160.88 million. During the same period in the previous year, the company posted ($0.81) earnings per share. The firm’s revenue for the quarter was up 34.5% on a year-over-year basis. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on LMND. Piper Sandler reissued a “neutral” rating and issued a $55.00 target price on shares of Lemonade in a research report on Thursday, August 14th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of Lemonade in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley restated an “underweight” rating on shares of Lemonade in a report on Monday, August 18th. Finally, BMO Capital Markets boosted their price target on Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Lemonade has a consensus rating of “Reduce” and a consensus price target of $40.43.

Insider Activity at Lemonade

In other news, COO Adina Eckstein sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the transaction, the chief operating officer directly owned 189,653 shares in the company, valued at $8,534,385. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Sheldon Peters sold 6,543 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $45.00, for a total value of $294,435.00. Following the completion of the sale, the insider directly owned 106,115 shares of the company’s stock, valued at $4,775,175. This represents a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,543 shares of company stock worth $915,455. Company insiders own 12.50% of the company’s stock.

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.