Analyst IMS Investment Management Services Ltd. Boosts Stock Holdings in Lemonade, Inc. $LMND

Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Lemonade, Inc. (NYSE:LMND) by 80.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 571,768 shares of the company’s stock after acquiring an additional 255,368 shares during the quarter. Lemonade accounts for about 0.9% of Analyst IMS Investment Management Services Ltd.’s portfolio, making the stock its 14th largest position. Analyst IMS Investment Management Services Ltd. owned 0.78% of Lemonade worth $25,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of LMND. Vanguard Group Inc. increased its position in shares of Lemonade by 14.9% during the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company’s stock worth $192,931,000 after acquiring an additional 794,952 shares during the period. Millennium Management LLC increased its position in shares of Lemonade by 255.2% during the first quarter. Millennium Management LLC now owns 329,934 shares of the company’s stock worth $10,370,000 after acquiring an additional 237,044 shares during the period. Halter Ferguson Financial Inc. increased its position in shares of Lemonade by 62.8% during the first quarter. Halter Ferguson Financial Inc. now owns 476,764 shares of the company’s stock worth $14,985,000 after acquiring an additional 183,974 shares during the period. Nuveen LLC purchased a new stake in shares of Lemonade during the first quarter worth $4,426,000. Finally, Jump Financial LLC increased its position in shares of Lemonade by 1,613.4% during the first quarter. Jump Financial LLC now owns 124,807 shares of the company’s stock worth $3,923,000 after acquiring an additional 117,523 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 2,718 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total value of $136,824.12. Following the completion of the transaction, the insider owned 102,397 shares in the company, valued at $5,154,664.98. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Adina Eckstein sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total transaction of $245,000.00. Following the completion of the transaction, the chief operating officer owned 189,653 shares of the company’s stock, valued at $9,292,997. This represents a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,000 shares of company stock valued at $396,020 in the last 90 days. 12.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LMND shares. Cantor Fitzgerald raised Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. BMO Capital Markets boosted their target price on shares of Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a research note on Monday, August 18th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $26.00 target price (up previously from $22.00) on shares of Lemonade in a research note on Tuesday, July 1st. Morgan Stanley boosted their target price on shares of Lemonade from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $48.00.

Lemonade Trading Down 1.8%

Shares of LMND stock opened at $57.41 on Wednesday. Lemonade, Inc. has a 12 month low of $17.91 and a 12 month high of $62.00. The company has a market cap of $4.24 billion, a P/E ratio of -20.28 and a beta of 2.24. The firm has a fifty day moving average price of $53.34 and a 200 day moving average price of $43.35.

Lemonade (NYSE:LMND) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.81) by $0.21. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. The company had revenue of $164.10 million during the quarter, compared to the consensus estimate of $160.88 million. During the same quarter in the prior year, the firm posted ($0.81) earnings per share. Lemonade’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. On average, equities analysts forecast that Lemonade, Inc. will post -3.03 EPS 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.