Handelsbanken Fonder AB Makes New $504,000 Investment in Lemonade, Inc. $LMND

Handelsbanken Fonder AB bought a new stake in Lemonade, Inc. (NYSE:LMND) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,500 shares of the company’s stock, valued at approximately $504,000.

Several other large investors have also modified their holdings of the stock. SVB Wealth LLC acquired a new stake in shares of Lemonade during the first quarter worth $26,000. NewEdge Advisors LLC acquired a new stake in shares of Lemonade in the 1st quarter worth $35,000. Golden State Wealth Management LLC boosted 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 acquiring an additional 1,040 shares in the last quarter. State of Wyoming purchased a new stake in shares of Lemonade in the first quarter valued at about $49,000. Finally, Caitong International Asset Management Co. Ltd increased its stake 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 worth $60,000 after acquiring an additional 1,241 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

LMND has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Lemonade from $35.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald raised Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Morgan Stanley lifted their price target on Lemonade from $49.00 to $53.00 and gave the company an “underweight” rating in a research note on Monday, November 17th. Wall Street Zen raised Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Piper Sandler reduced their target price on Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Lemonade presently has a consensus rating of “Hold” and an average target price of $58.57.

Lemonade Price Performance

LMND stock opened at $78.40 on Friday. The company’s 50 day simple moving average is $61.14 and its 200-day simple moving average is $50.08. Lemonade, Inc. has a 12 month low of $24.31 and a 12 month high of $83.77. The firm has a market capitalization of $5.86 billion, a PE ratio of -32.80 and a beta of 2.27.

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

Insiders Place Their Bets

In other news, insider John Sheldon Peters sold 3,798 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $73.25, for a total transaction of $278,203.50. Following the completion of the sale, the insider directly owned 79,669 shares of the company’s stock, valued at $5,835,754.25. The trade was a 4.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Adina Eckstein sold 5,988 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $78.00, for a total value of $467,064.00. Following the sale, the chief operating officer directly owned 227,987 shares of the company’s stock, valued at approximately $17,782,986. This trade represents a 2.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 71,716 shares of company stock valued at $5,194,624. Company insiders own 14.70% 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.