Dynamic Technology Lab Private Ltd Takes Position in Lemonade, Inc. $LMND

Key Points

• Dynamic Technology Lab Private Ltd acquired 20,310 shares of Lemonade, Inc., valued at approximately $638,000, marking a significant investment during the first quarter of this year.
• Lemonade reported a quarterly revenue increase of 34.5% year-over-year, achieving $164.10 million and beating consensus estimates by $3.22 million, despite reporting a negative earnings per share.
• Insiders sold a total of 19,543 shares worth $915,455 over the last three months, indicating a decrease in their ownership stakes in the company.

Dynamic Technology Lab Private Ltd purchased a new stake in Lemonade, Inc. (NYSE:LMND - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,310 shares of the company's stock, valued at approximately $638,000.

Several other institutional investors and hedge funds also recently modified their holdings of LMND. Vanguard Group Inc. raised its position in shares of Lemonade by 14.9% in the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company's stock valued at $192,931,000 after buying an additional 794,952 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Lemonade in the fourth quarter valued at approximately $22,066,000. Voloridge Investment Management LLC acquired a new position in shares of Lemonade in the fourth quarter valued at approximately $21,310,000. Northern Trust Corp raised its position in shares of Lemonade by 23.7% in the fourth quarter. Northern Trust Corp now owns 562,502 shares of the company's stock valued at $20,633,000 after buying an additional 107,592 shares during the last quarter. Finally, Halter Ferguson Financial Inc. raised its position in shares of Lemonade by 62.8% in the first quarter. Halter Ferguson Financial Inc. now owns 476,764 shares of the company's stock valued at $14,985,000 after buying an additional 183,974 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Insider Activity at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 2,718 shares of the stock in a transaction on 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 $5,154,664.98. This represents a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Adina Eckstein sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. Following the sale, the chief operating officer owned 189,653 shares in the company, valued at $9,292,997. The trade was a 2.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,543 shares of company stock valued at $915,455. 14.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LMND has been the subject of a number of analyst reports. Wall Street Zen raised shares of Lemonade from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $26.00 price objective (up previously from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. Morgan Stanley reaffirmed an "underweight" rating on shares of Lemonade in a research report on Monday, August 18th. Cantor Fitzgerald raised shares of Lemonade to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $55.00 price target on shares of Lemonade in a research report on Thursday, August 14th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $40.43.

Lemonade Trading Up 4.2%

LMND traded up $2.12 during trading on Friday, hitting $52.54. 2,188,830 shares of the company's stock were exchanged, compared to its average volume of 1,880,569. Lemonade, Inc. has a 1 year low of $15.27 and a 1 year high of $60.41. The stock has a 50 day moving average price of $47.55 and a 200 day moving average price of $38.67. The firm has a market cap of $3.88 billion, a P/E ratio of -18.57 and a beta of 2.28.

Lemonade (NYSE:LMND - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm earned ($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. Analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal 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.