Lemonade, Inc. $LMND Stock Position Increased by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. increased its position in Lemonade, Inc. (NYSE:LMND) by 8.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 617,878 shares of the company’s stock after buying an additional 46,110 shares during the quarter. Lemonade comprises approximately 1.0% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 13th largest position. Analyst IMS Investment Management Services Ltd. owned approximately 0.84% of Lemonade worth $33,075,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC raised its position in Lemonade by 4.9% in the second quarter. Geode Capital Management LLC now owns 1,297,943 shares of the company’s stock worth $56,871,000 after acquiring an additional 60,853 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Lemonade by 28.1% in the 2nd quarter. Bank of America Corp DE now owns 993,669 shares of the company’s stock worth $43,533,000 after purchasing an additional 217,913 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Lemonade by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,292 shares of the company’s stock worth $19,244,000 after purchasing an additional 41,759 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Lemonade by 365.8% in the 2nd quarter. Jump Financial LLC now owns 581,378 shares of the company’s stock worth $25,470,000 after purchasing an additional 456,571 shares in the last quarter. Finally, Halter Ferguson Financial Inc. lifted its stake in Lemonade by 101.3% during the third quarter. Halter Ferguson Financial Inc. now owns 575,906 shares of the company’s stock valued at $30,828,000 after purchasing an additional 289,803 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In related news, COO Adina Eckstein sold 41,557 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $78.95, for a total value of $3,280,925.15. Following the transaction, the chief operating officer owned 204,229 shares in the company, valued at approximately $16,123,879.55. This represents a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Sheldon Peters sold 18,930 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $72.77, for a total transaction of $1,377,536.10. Following the transaction, the insider directly owned 83,467 shares in the company, valued at approximately $6,073,893.59. The trade was a 18.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 160,725 shares of company stock valued at $12,264,465 in the last three months. Insiders own 12.50% of the company’s stock.

Lemonade Stock Down 4.6%

Shares of NYSE:LMND opened at $71.23 on Tuesday. The firm has a fifty day moving average of $71.68 and a two-hundred day moving average of $56.60. Lemonade, Inc. has a 12-month low of $24.31 and a 12-month high of $85.20. The firm has a market capitalization of $5.32 billion, a P/E ratio of -29.80 and a beta of 2.12.

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 analysts’ consensus estimates of ($0.72) by $0.21. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $185.06 million. During the same period in the prior year, the business posted ($0.95) earnings per share. Lemonade’s revenue for the quarter was up 42.4% compared to the same quarter last year. Equities research analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citizens Jmp lifted their price target on shares of Lemonade from $60.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Monday, November 24th. Morgan Stanley set a $85.00 price objective on Lemonade and gave the stock an “equal weight” rating in a research note on Tuesday, December 16th. Citigroup reaffirmed a “market outperform” rating on shares of Lemonade in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a report on Wednesday, October 8th. Finally, Piper Sandler decreased their price target on Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Lemonade currently has a consensus rating of “Hold” and a consensus target price of $63.14.

Lemonade Profile

Lemonade, Inc (NYSE: LMND) is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company’s product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.