Lemonade, Inc. $LMND Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of Lemonade, Inc. (NYSE:LMND) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,328 shares of the company’s stock after acquiring an additional 6,646 shares during the quarter. Bank of New York Mellon Corp owned 0.22% of Lemonade worth $7,024,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of LMND. SVB Wealth LLC purchased a new position in shares of Lemonade during the 1st quarter valued at approximately $26,000. NewEdge Advisors LLC acquired a new stake in Lemonade during the first quarter valued at $35,000. State of Wyoming purchased a new position in Lemonade in the first quarter valued at $49,000. Caitong International Asset Management Co. Ltd raised its position in shares of Lemonade by 1,008.9% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,364 shares of the company’s stock worth $60,000 after acquiring an additional 1,241 shares during the period. Finally, Trifecta Capital Advisors LLC purchased a new stake in shares of Lemonade during the 2nd quarter worth about $61,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other news, COO Adina Eckstein sold 40,000 shares of Lemonade stock in a transaction on Friday, November 7th. The stock was sold at an average price of $73.02, for a total transaction of $2,920,800.00. Following the transaction, the chief operating officer owned 227,987 shares in the company, valued at $16,647,610.74. The trade was a 14.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Sheldon Peters sold 2,718 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were 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 in the company, valued at approximately $5,154,664.98. The trade was a 2.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,988 shares of company stock worth $3,538,884 in the last three months. 14.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LMND. Cantor Fitzgerald upgraded Lemonade to a “strong-buy” rating in a research note on Wednesday, August 13th. Piper Sandler cut their price objective on Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company 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. Wall Street Zen raised shares of Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, BMO Capital Markets increased their price objective on shares of Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $47.20.

Lemonade Stock Down 1.0%

Shares of LMND opened at $67.29 on Friday. The firm’s fifty day moving average is $59.29 and its two-hundred day moving average is $48.39. The stock has a market cap of $5.03 billion, a PE ratio of -28.15 and a beta of 2.27. Lemonade, Inc. has a 52-week low of $24.31 and a 52-week high of $83.77.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.21. The firm had revenue of $194.50 million for the quarter, compared to the consensus estimate of $185.06 million. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The company’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period last year, the firm posted ($0.95) earnings per share. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Lemonade Company 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.